Ask a Question

How do credit card companies make money?

+1 vote
asked Jul 8, 2017 in Credit by Emily3213 (310 points)
How do credit card companies make money?

1 Answer

0 votes
answered Jul 8, 2017 by Judy (58,130 points)
Credit card companies make money off the interest they charge you when you use your credit card.

When you buy something with a credit card the credit card company also charges you interest on the purchase.

115,341 questions

126,176 answers

1,377 comments

7,059,795 users

Snow Theme by Q2A Market
Powered by Question2Answer
...