“But clearly, that comes with a funding cost that ultimately will probably leave margin much closer to flat.”

In context

“Young: Hey Moshe, it's Andrew. And I think if you put the card yield in the context of a longer term history, looking a year ago, it's up 100 basis points. And that's really been a shift to a higher mix of assets in our branded book, which is both growth of existing customers and the success we're seeing in the originations that Rich talked about. And as we sit here today and looking over the last few quarters, we're also seeing a modest uptick in fees from the very low levels last year and so driven by the delinquencies that have ticked up very gradually year-over-year. But I think having a yield at these levels is something that has sustained. But to your point of how can we drive it up, I think we're seeing an impact from rate changes that's been a bit of a tailwind on the yield side. But clearly, that comes with a funding cost that ultimately will probably leave margin much closer to flat. Moshe Orenbuch: Thanks very much. Danielle Dietz: Next question please. Operator: Our next question comes from Arren Cyganovich of Citi. Arren Cyganovich: Sorry I was on mute. Thanks for taking the question. I just wanted to follow-up on that last point. You're talking about the benefits of some of these super prime spenders. And I guess one of the aspects that's, I guess, less challenging or less beneficial is that you're not really revolving or they don't tend to evolve nearly as much because that spend velocity is so high, and they pay down each month. As you think about that customer base growing over time, would that just have a natural kind of downward pressure on your Domestic Card yield? Andrew Young: Well, Arren, it depends a bit on the degree to which they're revolving versus ju”