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Credit card company is different from bank, they provide you the credit on their own risk, if you don't pay them back, than they even can't ask your bank to pay them..

So you can say that- they are charging the high interests for the money they are giving you at the time- you need it most, and you don't have anyother sources to borrow money.

they charge the fees for the product they are giving, and giving services.

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7y ago
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14y ago

Some of the fees they can charge are:

  • Late payment fee
  • Interest charges
  • Over limit fee
  • Annual Membership fee
  • Payment Default Fee
  • Check bounce fee
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Q: What type of fees may a credit card company charge you for using their card?
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