Why is credit card interest so high? Is the market competitive? Why not more price discrimination?
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Replying to @simplic10
@simplic10 They're able to finely tune their product to individual customers. W/rich, educated customers they make their money skimming.1 reply 1 retweet 1 like -
Replying to @simplic10
@simplic10 Yeah. It's like a hidden 2% (or whatever) tax. That adds up fast.1 reply 1 retweet 1 like
Replying to @simplic10
@simplic10 Rich w/zero interest & make money skimming is American Express's formula.
2:29 PM - 21 Apr 2014
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.