The economy might suck, but credit card companies are reaping the rewards

[winbig]

This crap just makes me sick. People can't afford shit the way it is, but yet anyone with a pulse can get a credit card....who cares if they can pay it back or not? The issuers sure don't.

In the company's fourth quarter, net revenue grew 27.8% to $1.07 billion, while gross dollar volume increased 15.2% to $634 billion. MasterCard ended the year with 916 million cards issued, up 12.6% from a year ago. As a credit card network with mostly fixed costs, a huge portion of MasterCard's incremental revenue falls straight to the bottom line. Operating income for the quarter increased to $172 million, from $46 million a year ago, and operating margin improved a whopping 10.3 percentage points.

You do not have permission to view link Log in or register now.

 

[wangpoker]

When I used my credit card to deposit into PokerStars, I was charged $17.XX interest on $600 deposit! They treated it as an Cash Advance transaction I think.

I don't know why pokerstars doesn't support Click2pay!

 

[suzecat]

When I used my credit card to deposit into PokerStars, I was charged $17.XX interest on $600 deposit! They treated it as an Cash Advance transaction I think.

I don't know why pokerstars doesn't support Click2pay!

I was charged $20 each for 3 $100 deposits this month with MC. Soon my "wins" will just about cover the fees charged to "entertain" myself.

 

[winbig]

I was charged $20 each for 3 $100 deposits this month with MC. Soon my "wins" will just about cover the fees charged to "entertain" myself.

One thing that's quite interesting that I've seen is that in the B&M casinos, the ATM's now have new option. The option of using the ATM transaction as a POS Purchase!

Though it may cost you $20+ to use this feature, it may save you HUNDREDS in the long run, since this won't be counted as a cash advance!