seems like consensus is: (i) high end is people with high scores paying off cards each month but generating merchant charges; (ii) low end folks rack up fees and interest I have to say I had not expected the proportions of these profit centers to be as they are
-
-
Show this thread
-
oh I'm an idiot top figure is not *absolute* profits it's profits as a share of average daily balance (adb) okay that clarifies some things and muddles others
Show this thread -
I guess it gets me back to my main curiosity: how have these profits not been substantially competed away?
Show this thread -
oh nevermind I get the lower end high profit per average daily balance because fees are assessed at a fixed amount rather than as a fraction of balances ok fun talk everyone thanks
Show this thread
End of conversation
New conversation -
-
-
This Tweet is unavailable.
-
oh yeah for sure
End of conversation
-
-
-
So they make more money off of ppl with worse credit???
-
More like pepo with median credit are more susceptible to dip low, but people with bad or high credit maintain it
End of conversation
New conversation -
-
-
what up with the right side
-
I suspect that up in the high 700s and beyond, you have homeowners, and when you have a mortgage and a credit limit in the multiple tens of thousands, running a couple thousand dollars balance doesn't hurt your score so much.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.