Quote:
Originally Posted by NopeNopeNopeNope
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The credit cards I believe are losing money with this practice
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depends on the company also, like Sofi,Chime and these newer banking apps / stock trading apps are juicing their numbers by offering 100 bucks if you refer a friend, free stocks, good yield on your saving account etc..etc are doing it to boost numbers so their stock price goes up. Apparently it's worth it to buy customers if on paper it looks like you got incredible growth Sofi is 21 bucks a share and it was 10 back in April.
robinhood has gone from 35 to over a 100 since April
and all these apps are offering banking services now, like Chase and BOA are turbo fucked when geezers kick the bucket i think
edit: also the math is way different as you go up the income scale, like the rich people cards that offer insane rewards, it's worth it for them to have that person as a customer
07-30-2025, 12:25 PM
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