Is the 212 Card a cost to T212 or does T212 make some % profit from each purchase, that’s higher than the 0.5% cashback that will be offered from next year?
It will be great if the card is profitable since it diversifies the income streams and makes T212 less reliant on CFDs.
They’ll make very little from the card if anything. Interchange is locked at about .2% and they’d have to share that.
It’s like a loss leader.
Bump. Im interested too
But is it, and who really cares?
Are we really asking for a worse card deal if it’s not a profitable part of the business?