There the reason inflation has happened and didn’t put any regard to future other then suck every penny until the have just a select group they deal with
I hate to say it but the executive from Visa MasterCard. They’re absolutely correct. That 29% interest that he’s talking about that does not go to Visa that does not go to MasterCard that goes to the bank that issued the credit card. Or the financial institution. The only thing that they make is the 2.5 to probably 3% of whatever you spend using their card. And he’s talking about how much people owe Visa MasterCard. That’s on the people that use that card. That’s not on them. People need to quit spending more than they make. You don’t wanna pay the interest? Pay your bill in full when it’s due.
@ you really should change the title of your video though. You make it seem like the people from Visa and MasterCard are trying to be greedy. The reason why most people don’t take Apple Pay, Google pay, or Samsung pay is because they want more than what Visa MasterCard wants per transaction. That’s not right to slam them like that in my opinion, the senator was wrong.
All these politicians do is talk. They'll put them through a humiliation ritual but in the end will still bail them out when they need it.
It's all performative, isn't it? Where's the justice?
He’s correct guys
There the reason inflation has happened and didn’t put any regard to future other then suck every penny until the have just a select group they deal with
Precisely!
I bet Josh wasn’t upset when those execs gave to Republican candidates’ campaigns.
I hate to say it but the executive from Visa MasterCard. They’re absolutely correct. That 29% interest that he’s talking about that does not go to Visa that does not go to MasterCard that goes to the bank that issued the credit card. Or the financial institution. The only thing that they make is the 2.5 to probably 3% of whatever you spend using their card. And he’s talking about how much people owe Visa MasterCard. That’s on the people that use that card. That’s not on them. People need to quit spending more than they make. You don’t wanna pay the interest? Pay your bill in full when it’s due.
Thanks for the insightful response!
@ you really should change the title of your video though. You make it seem like the people from Visa and MasterCard are trying to be greedy. The reason why most people don’t take Apple Pay, Google pay, or Samsung pay is because they want more than what Visa MasterCard wants per transaction. That’s not right to slam them like that in my opinion, the senator was wrong.