Fair points, and if you actually tried to liquidate stock the price goes down so you can never realize anywhere close to the cap amount. But.... you can borrow against it and that's almost as good no?
Yeah not sure how it is now but there used to be/may still be a minimum CC processing charge for the merchant. That is why you would see minimum credit card purchase signs at a lot of gas stations...
And this is why the fed waiting so long to start hiking was ****ing retarded. It's kind of amazing how bad our leadership is at leading. They should have been running quarterly 25 basis point hikes...