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Personal Finances / Cheap Air Fares


Subject:  Re: Mastercard doesn't work on Delta and Air Can Date:  1/17/2011  3:23 AM
Author:  caromero1965 Number:  2314 of 2323

Mastercard are in the "loan business". They make money on both ends of any tranaction but they make a killing on overdue accounts. Providing service is an expense not measurably related to revenue.

I don't think Mastercard makes money on the lending, just on the transactions. The banks who back your card make the money on the overdue accounts.
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