Citibank terminates CDNN for firearm sales!

So, credit card fees = Bad Debt?[Abused]

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Originally Posted by robsterclaw

Citibank isn't making money off of anyone using cash. Delphi said Citi isn't making money off him because he pays it off every month and gets 3% back. I said ya they still make money. I don't understand your statement saying they are still making money off of a person paying cash???

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Do you believe corporations pay taxes and not you, also?

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Originally Posted by foxtrot

No, they only get transaction fees for each authorized transaction (CC charge). I think the concept is, merchants raise normal prices to cover CC charges since they can't charge extra for CC transactions. Same concept as everyone pays for shoplifting [Coffee]

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Such easy and simple concept, isn't it? Kind of like "tax the rich" ;)..

I haven't looked lately, but I get dinged $0.28 per transaction plus close to 3%. Debit cards are more. If the CC companies catch you charging more for a CC transaction they can terminate your contract.

If Citibank is crying poormouth, it's only because of creative accounting.

Anyone seen the documentary Maxed Out?

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Originally Posted by tsr

Do you believe corporations pay taxes and not you, also?

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Do you possibly have any idea that you don't understand this thread? I'll make it simple.

Delphi says... I use a citibank card. I pay it off each month. I get 3% back. They don't make money off of me. Meaning citibank doesn't.
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I say, yes they (citibank) make money off of you using that card. They get a fee and a % every time he uses that card. Therefore, they make money off of Delphi. If he used another card, they wouldn't make the transaction fees from his spending.

And then you go off not making any sense. I have no idea what the hell you are saying when you post "Do you believe corporations pay taxes and not you, also?"

Your posts and quoting in this thread make no sense because you obviously aren't understanding what has been simply stated. Take your snide comments and attitude somewhere else.

Corporations don't pay taxes. The taxes get passed on to consumers in the form of higher prices.

Didn't realize the citigroup stance on firearms so cancelling mine (card member since '91) referencing links here and elsewhere...

I tried calling the specific Citi individuals and got "please send any CDNN queries to questions@firstdata.corp" on voice mail.

Needed to get a new credit card for airline miles anyways.. heh

What's in your wallet???

-Dave