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How can banks offer interest free credit cards?

Updated: 9/16/2019
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12y ago

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Banks can offer interest free credit cards because the Federal Reserve Bank has kept interest rates so low. However, many of these credit cards still have annual fees, late payment fees, and higher rates if you become delinquent and others. Some of these are also only for limited periods.

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Q: How can banks offer interest free credit cards?
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