answersLogoWhite

0


Best Answer

In 2003 the profits for credit card companies was estimated at 30 billion dollars.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much money does the credit card industry generate annually?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What is the effect of credit policy on performance profitability and liquidity?

The credit policy generally demands payment. Working class professionals will generate more money in order to sort out credit requirements.


What are the interest rates on credit card?

Interest Rates on credit cards, comes from banks or credit union that provides to the consumer borrowed money, this over a period of time that the money is borrowed. When the consumer has not paid back the borrowed money in the time that was agreed, then occur a calculation of the interest base on the credit of the consumer ( or card holder) and this represent the bankers profit. Interest rates can vary from 7 to 35%. This Interest Rate is an annually basis or APR and this fee is for the privilege of borrowing money


How do investment bankers generate revenues for their firms?

Investment bankers can generate revenues for their firms by the amount of money they bring in from their customers. By bringing in money, the firm will have more to invest.


What types of interest free credit cards exist?

Credit card interest is the principal way in which card issuers generate revenue. A card issuer is a bank or credit union that gives a consumer (the cardholder) a card or account number that can be used with various payees to make payments and borrow money from the bank simultaneously. The bank pays the payee and then charges the cardholder interest over the time the money remains borrowed. Banks suffer losses when cardholders do not pay back the borrowed money as agreed.


Difference between credit sales and credit purchases?

credit sales are sales you have made on credit, so they still owe you the money for that item. credit purchases are things you have purchased from your suppliers on credit and therefore you owe the money for

Related questions

How much money does the music industry gross annually?

64 billion a year


Did the video game industry generate more money than the film industry last year?

yes


How much money does the sporting industry generate per year?

One Dollar


What is the effect of credit policy on performance profitability and liquidity?

The credit policy generally demands payment. Working class professionals will generate more money in order to sort out credit requirements.


How much money did ice cream generate in the early 2000s?

Ice cream was a $20 billion industry in the early 2000s


How much money is spent on cosmetics in the us?

the average amount spent annually on makeup is 8 billion dollars.


What did the FTC do to save consumers money in the ophthalmic goods industry?

the FTC lifted the restrictions on advertising with the hope of saving consumers as much as $400 million annually.


What are the interest rates on credit card?

Interest Rates on credit cards, comes from banks or credit union that provides to the consumer borrowed money, this over a period of time that the money is borrowed. When the consumer has not paid back the borrowed money in the time that was agreed, then occur a calculation of the interest base on the credit of the consumer ( or card holder) and this represent the bankers profit. Interest rates can vary from 7 to 35%. This Interest Rate is an annually basis or APR and this fee is for the privilege of borrowing money


Is 73000 a lot of money to make annually?

Yes, it is compared to what others make annually.


How do you use Skype money adder?

this software used to hack or to generate skype FAKE credit.double click on it en ter skype user name mark one of credit


How much money does firemen earn annually?

$50,000


How much money do lawyers make annually?

lots