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Don't Bank on Republic Bancorp - Barron's

How does this differ from the credit card bank charging a 3% fee on a transaction that gets paid back on an average of between 10 and 15 days. The fee is assessed regardless of paying the card off every month. The only difference is the vendor pays but the extra cost is reflected in the price. Much to the chagrin of the credit card banks, some vendors offer a cash discount, most notable when the credit card fee on a gallon of gas exceeded the profit margin. .