HATE.info //

Mastercard (such as , Chase Freedom^SM Credit Card) and Visa (ex Chase Platinum Visa® Card)… all want your business. Mastercard went public about a year ago, and Visa about a month. Both have similar and different approached to their model. At the end of the day howerver, transaction volume is how they make their revenue. They want to get as many clients as possible. By doing so, they make their money in some cases two ways. One from the merchants (anywhere from 1 - 3% per transaction) AND from late payments on the consumers (9-25%). Extortion!

If you are an amex fan, this is by far the best deal: