this post was submitted on 30 Jan 2024
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Sovcit is tanking with Amex, which can only end well. (lemmy.world)
submitted 9 months ago by BonesOfTheMoon@lemmy.world to c/insanepeoplefacebook@lemmy.world
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[–] jj4211@lemmy.world 3 points 9 months ago

Yeah, the sovcit isn't being based and cool fucking over the credit company. The credit company shrugs, does everything they can to ruin the sovcit financial standing in response, and then proceeds to just grab a bit more cash from the other cardholders to cover any losses. The credit company will make sure it is whole either way.