NRA Visa

[ZingZang]

Can anyone tell me how much of a percentage the NRA gets from each purchase made with the NRA issued Visa card? I've called and asked the NRA, and was routed to the bank which issues the card. When I called and asked the bank, they said that the information isn't disclosed. I'd like to further support the NRA, but I'd also really like to know how much they're getting -- if it's eaten up by some stupid fees for the bank, then it's not worth the time.

 

[dwhess504]

i have looked into the "issuing" side of the credit card industry and it is not much money to be had. NRA probably earns about .0010% of the purchases. which is 1/10th of a percent. Still its money though

 

[Jack]

i have looked into the "issuing" side of the credit card industry and it is not much money to be had. NRA probably earns about .0010% of the purchases. which is 1/10th of a percent. Still its money though

Actually that is 1/1000 of a percent. When you move the decimal it goes tens, hundreds, then thousands.

 

[jasonj5313]

Actually that is 1/1000 of a percent. When you move the decimal it goes tens, hundreds, then thousands.

Tenths, hundredths, thousandths

Sent from my HTC PH39100 using Tapatalk 2

 

[Jack]

Tenths, hundredths, thousandths

Sent from my HTC PH39100 using Tapatalk 2

Try telling my iPhone that, it thinks you're saying tents.

 

[dwhess504]

ok, ok, you got me. Actaully what I meant was .10 % which is 10 Basis points