David Rosenthal: belief

Transcript context

…No, they're just not differentiated enough to demand it. I just so don't see that any consumer ever has sway there. I got the Chase Sapphire Reserve card five years ago, because it was by far the best rewards card for the type of thing that I spend money on as probably what half of our audience, and I think it's a Visa Infinite, which I'm sure is one of their high fee things, which is why they can pass on so many rewards. I think today, that's true. But I do think, based on the research and I was maybe too bias towards Visa, but I think Visa did accelerate past MasterCard. I think there was a strong brand element of that. I think it's more equal today. It's interesting. It's funny how it used to feel more like you were getting a Visa card that was somehow powered by a bank, and now it feels more like you are getting a custom proprietary product that a bank invented for you, that happens to either Visa or MasterCard audit.…

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