MacN'Cheezus to Microblog MemesEnglish • edit-210 hours agoWell butter my butt and call me a biscuitlemmy.todayimagemessage-square58fedilinkarrow-up1446arrow-down14file-text
arrow-up1442arrow-down1imageWell butter my butt and call me a biscuitlemmy.todayMacN'Cheezus to Microblog MemesEnglish • edit-210 hours agomessage-square58fedilinkfile-text
minus-square@AsidonhopolinkEnglish5•2 hours agoI’d never heard of this, how do the banks make any money on the card, annual fees or something?
minus-square@BMTealinkEnglish1•5 minutes agoNo, we had a flat annual fee for usage. There was a fee for withdrawing cash but no making purchases.
minus-square@[email protected]linkfedilinkEnglish2•59 minutes agoProcessing or transaction fees. Anytime you use your card for a purchase the bank gets a cut of that. This fee can range from .1% to 4%, depending on the credit card processor.
I’d never heard of this, how do the banks make any money on the card, annual fees or something?
They already make 3% on every purchase
No, we had a flat annual fee for usage. There was a fee for withdrawing cash but no making purchases.
Yes, we had a flat annual fee for use.
Processing or transaction fees. Anytime you use your card for a purchase the bank gets a cut of that. This fee can range from .1% to 4%, depending on the credit card processor.