Re:Credit card company rejects customers with too-good credi...
by ars on Friday June 25, 2010 @07:29PM
(#1462581)
They do yes. Between 0.5% and 3%.
It costs them some money to process an account though, send bills, handle payments etc. If someone is charging reasonably frequently then they are still profitable.
Edit: I thought they still made money off of the vendor fees though?