Here's how banks can offer credit cards like the Sapphire Reserve with enormous sign-up bonuses and still turn a profit (JPM)
Reuters
It's not often that a CEO will announce a $200 million loss with a hint of pride, much less that they'll claim they wish the loss was twice as large.
But that's exactly what JPMorgan Chase CEO Jamie Dimon did in January while discussing the impact of the company's insanely popular Chase Sapphire Reserve rewards credit card.See the rest of the story at Business Insider
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SEE ALSO: JPMorgan just revealed the logic behind the crazy popular Sapphire Reserve card