Originally Posted by
AviosTreasureHunter
Hi all,
How on earth does PP make any money off of this arrangement?
I seem to get thousands of dollars of value a year for something costing me around 230 dollars a year, not to mention the other benefits of the credit card (1 percent cashback, no FX fees).
Someone is presumably losing a lot of money on you, not sure if it is your credit card company or PP or both. Not much is known on the financial arrangements between the various credit card companies who provide this benefit and PP. They could be paying a base amount per cardholder and paying per visit or just paying per visit or something else. If they're paying per visit, then your credit card company is paying for all these visits, if they're paying just a flat fee then PP would be the loser or it could be a combination of both.
That being said, for every person who uses it like you, there are probably dozens who use it very little or never. I have two PP's and used it a total of 3 times last year.