Does any of that jizz matter if I always pay it off on time?
In: 8
There are two different % fees that credit cards collect, so even if you pay it off on time the credit card company still gets paid.
Typically, credit cards will collect 3-5% of every transaction cost from the vendor that accepts the credit card as payment (usually its 3% if chip is used; 5% if number entered manually).
The really high consumer percent/fee will only get charged if you have a remaining balance and don’t pay it off.
The vendor charge varies depending on how it was used because the creditors claim different fraud %’s based on different methods.
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