Off-Topic: Dumb question....but I asked it too
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Name:
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MartiniMan
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Subject:
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Dumb question....but I asked it too
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Date:
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2/26/2015 4:50:44 PM
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In 2014 over $268B were charged on AMEX cards worldwide so $32.9B in revenue means they take in 12% of total charges in revenue which to me seems high but given what they charge for fees and interest it probably makes sense. I am surprised that the Costco AMEX card represents over half of their total charges and am a little dubious. I agree that they will miss the fees and interest more than the revenue stream.
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