> -----Original Message----- > From: Scott Stewart [mailto:[EMAIL PROTECTED] > Sent: Wednesday, August 29, 2007 5:51 PM > To: CF-Community > Subject: anyone ever worked for a credit card company? > > What does it cost the company to keep my account open?
We've provided branded credit cards before but not actually managed them. I'm not sure what the actual cost-per-customer is (and honestly even if I knew I'd probably be unable to tell you) but in this situation you're paying for the credit company (an MBNA or somebody) to manage customer relations (billing, support, etc), fraud insurance, credit checks, etc. I doubt a true number per customer could really be determined since the agreements are all for thousands/millions of customers but dividing the aggregate I would guess it's a rather small amount. Credit card companies live off interest so clearly somebody that doesn't maintain a balance and doesn't get charged fees is a drag on their bottom line. Just out of curiosity why do you ask? Jim Davis ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Download the latest ColdFusion 8 utilities including Report Builder, plug-ins for Eclipse and Dreamweaver updates. http;//www.adobe.com/cfusion/entitlement/index.cfm?e=labs%5adobecf8%5Fbeta Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:241637 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
