Re: Payday Lending Part Deux

nospam@[EMAIL PROTECTED]
 (Paul Ciszek) wrote:

>
>In article
<91515ed7-06b1-41cf-90e5-77a2ccc00871@[EMAIL PROTECTED]
>,
>Lisa Ann  <lisa-ann@[EMAIL PROTECTED]
> wrote:
>>
>>Credit Card companies make their money because many of the card
>>holders do not pay off their debt each month.  Those of you who *do*
>>pay off their credit cards each month are being subsidized by those
>>who don't.  That's how they make money.  They don't expect - or even
>>want - their customers to pay off their debt each month.  If everyone
>>did that, the credit card companies would be out of business.
>
>Didn't American Express used to *require* cardholders to pay the whole
>balance every month?

Still do on the green or gold cards.  You need the blue card to carry
a balance.
-- 
Tomorrow is today already.
Greg Goss, 1989-01-27