Cryptocurrency Q&A
What are two ways credit card companies make money?
What are two ways credit card companies make money?
MysticMoon
Mon Jan 13 2025
|
6 answers
1256
I am curious about the ways credit card companies generate revenue. Specifically, I want to know two primary methods they use to make money.
Previous
What is the most similar meaning of tether?
Next
Are currency exchange stores open 24 hours?
6 answers
Nicola
Wed Jan 15 2025
In addition to interest, credit card companies also charge fees to cardholders.
Was this helpful?
193
46
amelia_harrison_architect
Wed Jan 15 2025
These fees can include annual fees, late payment fees, and over-limit fees.
Was this helpful?
218
43
Martino
Wed Jan 15 2025
Businesses that accept credit cards also contribute to the revenue of credit card companies.
Was this helpful?
119
93
Michele
Wed Jan 15 2025
Credit card companies generate a significant portion of their revenue from interest.
Was this helpful?
281
71
WhisperWind
Wed Jan 15 2025
This interest is earned on the balances that cardholders carry over from one month to the next.
Was this helpful?
379
67
Load 5 more related questions
