08/07/2024

Thread

Tweet 1

@xsphi Looks like cc companies make ~70B from interest annually and ~50B from interchange fees. Also another ~50B from misc fees

---

Tweet 2

@xsphi I'm having trouble figuring out how much debt is written off every year. According to this article $170 in 2019 and $360 in 2020 which would make CC companies unprofitable over that period

---