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submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 11 months ago (3 children)

Consumer credit is a shitty business for companies

[–] [email protected] 1 points 11 months ago

Amex has the lowest expectance rate. I’ll probably cancel this card if it goes to them.

[–] [email protected] 1 points 11 months ago (1 children)

VISA, MC etc do very well

[–] [email protected] 1 points 11 months ago

They’re payment processors, they don’t issue credit.

[–] [email protected] 1 points 11 months ago (1 children)

or Chase

[–] [email protected] 1 points 11 months ago

Good consumer banking business from transaction volume, the actual lending of consumer credit is a minuscule % of their business.