Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
Bank of America especially sounds like they've been trying to squeeze extra profits out of the credit card division lately.
Now when it comes to Visa and MC aren't they interchange fees split with the issuer? i.e. if it's a B of A Visa, doesn't Visa get part of that interchange fee, and B of A gets the rest? How much usually does the issuer get and how much does Visa/MC get?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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