Right, but what's the risk to the financial system paulusthe was talking about a... | Hacker News

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		some_random on Sept 21, 2023 \| parent \| context \| favorite \| on: Airlines make more money from mileage programs tha... Right, but what's the risk to the financial system paulusthe was talking about above in an airline partnering with Chase and Mastercard to to offer a credit card? The lender in all cases isn't going to be the airline, right?

lotsofpulp on Sept 21, 2023 [–]

For sure, the airline is never the lender on a branded credit card, and takes in no credit risk. It will be a licensed a bank.

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