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Author: jeffbrig Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308847  
Subject: Re: Your rates are increasing. Thanks, Congress Date: 5/20/2009 11:08 AM
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Right now, people who are getting the free airline tickets or cash back while paying no late fees and paying no interest are the one who are kind of being subsidized by the people who are paying 30% interest and $35 late fees or $15 pay-by-phone fees.

Well, I'm one of the people getting a huge cashback bonus, but it wasn't subsidized by anyone paying interset or fees. The merchant fees generated are roughly double the cashback award I receive.
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