Originally Posted by
creditsam
Interesting idea, but I don't know if that is really the market that I am targeting.
Definitely is such a market, I just don't think that's the one I am in.
If I were to charge annually would be defeating the whole purpose of the market that I am trying to target (keeping cards active on a constant basis).
Just out of curiosity... Do you have one of those super high apy bank accounts that have minimum transaction requirements that I mentioned in my original post like the OnPath CU account?
I feel like it's super underrated in general - Earn 7% APY on CASH + Use the the Credicated 59 cent plan to hit the monthly transaction requirements with no hassle. How else can you earn that much on cash these days??
I get it, you need to have the niche that is right for you. But I think your target market is too narrow, most people are not worried about inactive accounts closing, but rather about paying AFs they for cards they don't need. When you have 30 accounts it doesn't hurt your score much even if a couple close.
No I don't do cards or bank accounts with minimum transaction requirements. I am sure it is lucrative but I already have too many things to track. Maybe when I retire.