Final – A credit card built for the 21st century

Re:Final – A credit card built for the 21st century by bryanlarsen on Wednesday October 08, 2014 @01:08PM (#8427999)

Don't worry, the banks love it when you pay the account in full every month. They make more money from merchant fees than they do from interest payments.

Banks work hard to make sure credit card holders are happy. After all, it's fairly easy to switch credit cards.

It's the merchants that have the short end of the stick in the three way relationship between banks, customers and merchants.

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Re:Final – A credit card built for the 21st century by uploading on Wednesday October 08, 2014 @01:21PM (#8428094)

Speaking of which, how will you be different from other small credit cards when it comes to merchant relations? If I go to "Jo Shmo's Taco Shop" am I still going to need a back up Visa card because that's all they are willing to take?

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Re:Final – A credit card built for the 21st century by tehwebguy on Wednesday October 08, 2014 @01:49PM (#8428299)

Probably not, my guess is that this will actually be a Visa card.

Most Visa and MC cards are branded as such but are actually backed by some other institution, like Bank of America or Chase.

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Re:Final – A credit card built for the 21st century by mcherm on Wednesday October 08, 2014 @02:39PM (#8428646)

Actually, ALL Visa and MasterCard cards are backed by some other institution. MasterCard and Visa are (well, were: it's more complicated lately) associations of banks.

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