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A comment on More Americans are using ‘buy now, pay later’ services to pay for groceries. Parent comment

Re:More Americans are using ‘buy now, pay later’ services to... by scottLobster on Friday March 24, 2023 @12:05PM (#35291044)
The ratio depends on the credit card issuer, but often times the rewards are just a fraction of the fees charged.

American Express in particular makes more of their money from transaction fees and membership fees than interest. https://www.investopedia.com/articles/markets/012715/how-ame...

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Re:More Americans are using ‘buy now, pay later’ services to... by crazygringo on Friday March 24, 2023 @01:08PM (#35292162)
Yes, but American Express is very much an outlier and always has been. It's also why many shops don't accept Amex, because it charges higher transaction fees.
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Re:More Americans are using ‘buy now, pay later’ services to... by nunez on Friday March 24, 2023 @11:05PM (#35298866)
AMEX allows you to have a rotating credit line now on those cards.
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