General Categories > General Firearm Discussion

Citigroup Bank joins war on 2nd Amendment

<< < (2/2)

RLMoeller:
I got a call today from Bank of the West asking about my business stating they wanted to get my credit card processing business and would beat the rates of anyone.  I am doing minimal business after closing the retail space and don't need to find a new processor, but I like that there is a bank that is not shying away from firearms related businesses and actively pursuing them.

Mark B:
I have had a Citi CC since 97, and treat it like a checking acct. and pay off the balance each month. They make no money on my account and I use their money free. After accounting costs, mailing fees, 1.5% cash back I'm sure they view my acct. as a non-performer.

whatsit:

--- Quote from: Mark B on March 28, 2018, 06:54:17 AM ---I have had a Citi CC since 97, and treat it like a checking acct. and pay off the balance each month. They make no money on my account and I use their money free. After accounting costs, mailing fees, 1.5% cash back I'm sure they view my acct. as a non-performer.

--- End quote ---

If only it was as clear cut as that. Whenever you swipe your card, part of the fees every merchant pays to take payment from your card go back to CB. So, even if they don't make money off of you per se, they do make money when you use your card.

Dalamar:

--- Quote from: Mark B on March 28, 2018, 06:54:17 AM ---I have had a Citi CC since 97, and treat it like a checking acct. and pay off the balance each month. They make no money on my account and I use their money free. After accounting costs, mailing fees, 1.5% cash back I'm sure they view my acct. as a non-performer.

--- End quote ---

As whatsit said, I think the fee businesses lose on cc purchases is around 3-4% usually. Would definitely cancel.

shooter:
 Makes me feel good now that I don't own a single credit card,

Navigation

[0] Message Index

[*] Previous page