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A comment on Visa card network crashes, causing increased decline rates across UK and Europe. Parent comment

Re:Visa card network crashes, causing increased decline rate... by bradknowles on Friday June 01, 2018 @09:11PM (#17211983)
Correct.

If you pay off your card every month, the credit card companies consider you to be a bad investment, and they even have names to describe customers like you -- "deadbeat", among others.

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Re:Visa card network crashes, causing increased decline rate... by willstrafach on Saturday June 02, 2018 @01:19PM (#17215437)
I doubt that. Card companies surely make good money on interest, but there is risk baked into that.

A customer paying off their full balance means little risk yet they still make the 1-3% processing fee.

[ Parent | on HN ]