Which FICO score do credit card companies use?
I want to know which FICO score is commonly used by credit card companies when evaluating a person's creditworthiness for approving credit card applications.
How do credit card companies determine minimum payments?
I'm curious about how credit card companies calculate the minimum payment that's due each month. What factors do they consider when deciding on this amount?
How do credit card companies determine interest?
I want to know how credit card companies calculate the interest on their cards. What factors do they consider? Is it based on my credit score, payment history, or some other criteria?
What are two ways credit card companies make money?
I am curious about the ways credit card companies generate revenue. Specifically, I want to know two primary methods they use to make money.
Which items do credit card and lending companies use to determine whether to lend money or not?
I want to know which specific items or factors credit card and lending companies consider when they are deciding whether to lend money to a person or not.