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How does a bank make profit out of credit cards?

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Ahmad Baumbach

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4y ago

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Q: How does a bank make profit out of credit cards?
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How does a bank makes its profit and generates revenue?

Banks make their profit through interest from loans, credit cards etc. and also from the fees from having a bank account and eftpos transactions etc. _____________________________ Fees and Interest.


Where do i make payments for us bank credit cards?

directly at the bank from where the cards were issued, or send them ( the bank) a cheque and make sure the acct number is on the cheque


What four major credit cards do credit card generator make?

"There are several hundred credit cards on the market. Four of the major ones are Discover, Capital One, Citibank and Bank of America."


How do you make money using credit card?

get cards from evry bank and sell it to junk dealer ???


What companies makes credit cards for businesses?

There are too many companies to list who make credit cards for businesses. Every major bank would have a business credit card. The ones that come to mind are Bank of America, Wells Fargo, Citibank and Chase.


Can make a PayPal account without using credit or debit cards but using saving bank account?

Yes you can.


Do credit cards instantly debit a bank account when a transaction occurs?

When a transaction occurs, a credit card does not instantly debit a bank account. Since a credit card is linked to a line of credit, it is dependent on the user to make individual payments in order to replenish that credit line.


What is difference between credit card and debit card?

Debit cards are commonly issued by banks. When you purchase for goods or services, the amount is deducted from your bank account. Credit cards are issued by a bank or other institutions that deals with credit cards. When you make purchases, the issuer of the credit card will pay the merchant in advance. On the other hand, you may pay the credit card issuer in full or in installments with certain interest. If you want to learn more about credit cards, you may search online. Since, credit card is more complicated than debit cards, you should learn more about it.


Where can I find credit cards online that are fair and reliable?

In order to find credit cards which are fair and reliable and offer fair credit, you may need to talk to the people at your local bank or credit union. They would be able to provide you with a large amount of information, and help you make a decision.


Where can you pay your credit card online?

In order to make online payments for credits cards, it is necessary to set up an online account for the credit card. This will require requesting an online account from the bank that issued the credit card. From there, it is possible to access the credit card bill and make accounts as needed.


Can someone help me compare credit cards so that I can make a choice?

You can compare credit cards to fit your needs by using creditcards.com. You can enter in your credit score, your history, and many other options that will help them match you to a card that will fit your needs. You might also find that the best credit cards are those for stores or through your own bank.


Can you make a profit on a repossessed car?

Yes you can make profit on the car if you buy it from the bank.