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Sell , sell selll, i bought visa in 2021 … 5 yeara later.. 30% return.
Absolutely pathetic
Another point that is not being brought forward here is the fact that the original legislation only affected debit cards. Why is that you think? Because it was much easier than doing it on credit cards which have interest associated with it. If doing it on credit cards also was a good idea they would have done it then. I would expect the same people who opposed it before to oppose it again unless they are just bending to Trump's will for socialist actions. I don't think Trump himself even believes in it but is so afraid to lose midterms he's willing to lean left.
Seems many believe the interest rate cap is basically a done deal. Not so fast. He and Congress will be going up against the biggest banks in the world. So this is no slam dunk.
Why MA is dropping less than V ?
Hi can we have your thoughts on INTU ?
Expanded payment processing? Yes please. Let’s target event merchants like ticket master and live nation next! The fees are too high!
Makes you wonder what is in it for trump. Did Visa and Mastercard not make their payment. The revenge tour continues. Agree, the market overreacts like always.
Not all merchants eat the fee….many don’t and usually it’s the quick stop type places or gas stations.
These firms are great base layers to a portfolio at the right price- Congress seems unlikely to pass a bill like this …. Doesn’t really benefit consumers…..
I hate to break it to you but the “swipe fee” or “merchant fee” is passed along to the consumer. In a lot of places/stores the retailer is adding 3% to the bill if you are paying with card and giving 3% discount if paying with cash. It is happening a lot in Kansas City, Missouri.
Oh and btw the merchant passes this along to the consumer. I’m unsure why people do not understand that concept but have no problem understanding who may or may not be paying the tarriffs. I personally am indifferent about the borrowing rate for credit cards as I don’t borrowed money that way if I need it, however, I highly doubt I gets passed. More than likely they are talking out their ass to give the politicians a better buy in position. 😂
Either way great insight.
Credit cards need to set new lower limits for everyone as retaliations… and for poor credit people, just cancel them all.
I disagree on that 3% not being on us. Many places now charge a surcharge to cover that fee to pass it on to the customer. Most tell you and some don't. My guess is most want remove the surcharge even if they it removed or lowered. Greed will take over at that point. Overall though great review.
In this act, advantage to consumer is rewards. To save high risk borrower, regular consumer will be affected. Merchant will not reduced their price as they want profit margin for their company to grow. I am in favor of introducing new payment method or alternative for more competition. Let’s hope at the end it helps to American consumer not corporate
I think socialized healthcare is what most Americans believe the government needs to focus on.
Good to know
Whatever Trump is attacking, buy it and forget it. You will do perfectly
Bullish for sezzle and paypal
I’m waiting for V to continue to dip on these news to add more to my position… I believe V will continue to stay strong…
Yeeeeeah but some merchants just add that fee to the sale price.
I support the 10 % for lower cost. However, I do like my rewards. However, let's see it this passes
What do you think about the micro lender DAVE?
Many in Hawaii post notices that you are paying the 3% fee
Merchants are charging the consumers
Thank you
Some merchants are now passing this CC fee to consumers. They raise their prices by 3% or so on your bill if paying with a credit card. It’s only a matter of time before this becomes the norm around the world just like tipping has. I have a visa position expiring 1/30 and kick myself for not exiting before the stock dropped on Monday.
I still love V and MA
is it another coup from Trump to gain from a high market move??
Buy every share you can cheep. They will destroy retailers and economy before credit companies like these 2.
This point and rewards is more of a US stuff, other countries don’t have it so strong
Same goes for tariffs, merchants are taking the bite, often passing on the cost, but either way consumer don’t see it
i hope circle will take their business,
Excellent analysis. I really do enjoy my reward. I purchase everything through my cards just for the reward. They pay for all my Costco purchases lol. Hate to see all the free food I get disappear
Thank you, Kartik! 😃
Can you please do a deep dive on CRDO & FTAI?
1st!