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How do credit card companies make money?

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

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answered Jul 8, 2017 by Judy (56,120 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.

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