UnThreaded | Threaded | Whole Thread (38) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: jaminer1 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308722  
Subject: Re: To CC or not to CC? Date: 10/6/1999 12:30 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
SpiritCorsair said:
That's like giving a rebate on something... Buy it for $10, get back $2 in the mail... why not just sell it for $8? (I guess it's not gimmicky enough...)

Rebates work because people see the prominently displayed SALE / REBATE sticker and buy the product, then for various reasons don't send in for the rebate. Thus the company sells full-priced stuff.

I've seen data (can't remember where) that offering a $1 rebate costs a company $0.20-$0.30 (including admin. costs).

SpiritCorsair said:
Besides, don't CC Inc. consider us responsible, timely paying, never-run-up-the-balance people "deadbeats"? How will a no-fee credit card make its money (aside from sneaky "maintenance" fees for not having a balance -- don't get me started on that!)?

People do carry balances. Also, CC Inc. gets a fee from merchants for each use of CC.

I have a no fee platinum card that saved me thousands of dollars when I wrecked a car that I rented in Ireland (forgot about that whole left-side-of-the-road-thing). The (free) CC-sponsored insurance picked up the whole repair bill.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (38) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Mobileye's Growth too Hot?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement