Originally Posted by
jsk1973
Purely coincidence, indeed. There's no way these banks make money from churners. I'm astonished they haven't cracked down much more than they have.
Not sure if it's purely coincidence, at least regarding Target. I rarely used to go to TGT before RB and my guess is that total purchases before RB were just around $200 over 15 years. During the six to nine months of RB, I spent around $2,000. So, at least when it comes to RB, it may have been a fantastic loss leader. Since RB went debit only, I have not stepped my foot inside TGT and moved back to my old ways of shopping -- Amazon, Whole Foods, Ralphs.