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#298 - Chris Hutchins - Founder @ All The Hacks - The Life Hacker

The Fort

CHAPTER

How Banks Make Money on Credit Card Points

All the credit cards that are issued in America are issued by some bank. All of this is getting funded by interest charges and merchant processing fees. People paying off their cards on time is not good for business as like a whole. AMX Platinum has appealed to people that spend lots of money and there's a little prestige to it.

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