Originally Posted by
RedSun
You are the one has been arguing it again and again.
If Citi does have net loss from paying out the 2% CB, it would certainly rather lose on the $20,000, not on the $100,000 for the month.
So then why come out with the card at all if they lose on accounts large and small?
As a merchant who just reviewed his July 2019 interchange statement, I can tell you that my average fee was 2.3%. That's average. That includes debit cards. Plenty of fees per card are over 3%.