Jump to content
DOSBODS
  • Welcome to DOSBODS

     

    DOSBODS is free of any advertising.

    Ads are annoying, and - increasingly - advertising companies limit free speech online. DOSBODS Forums are completely free to use. Please create a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!

     

IGNORED

Cahoot closing credit cards


Recommended Posts

Yadda yadda yadda
Posted

I've just received a letter from Cahoot stating that they will close all credit card accounts from the end of September. Following a review blah blah blah. I use my cahoot credit card for purchases and pay it off each month. Is this because their cards aren't profitable as their customers pay them off every month or is it because too many of their customers are too risky?

Frank Hovis
Posted

Credit cards make them money as long as people use them because they receive a 3% cut on each purchase.

They make more money if people do leave a balance on them but the only customer they really don't want is someone who doesn't use their card.

I have always bought all my fuel on mine purely because I want to keep it live for when I go abroad.

I don't know about Cahoot specifically, I hadn't actually heard of them before your post.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...