Old Jun 25, 19, 9:18 am
  #8  
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
 
Join Date: Jun 2003
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Originally Posted by mikesyr18 View Post
Is there any evidence showing many Citi Costco cardholders are carrying balances? ....
There is. Citi bought the account balances from American Express and paid a billion dollar premium. There wouldn't be a premium if there were no finance charge revenue stream.
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