How Do Credit Card Companies Make Money?
Credit card companies make money by charging interest on account balances and by levying an array of fees on both cardholders and merchants. These fees may apply to a variety of transactions, though these conditions can vary widely from one credit card offer to the next. But how do these sources of revenue translate into the enormous profits enjoyed by the major credit card networks and card issuers? Read on to find out exactly how credit card companies make money and how you can keep more of your money in your pocket.
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