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How would credit card companies exist without interest fees?

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Wiki User
2005-12-18 22:01:53
2005-12-18 22:01:53

I'm not sure they would, but credit card companies charge a variety of other fees including late payment fees, over limit fees, service charges, etc. etc. Also, most consumers don't realize that credit card companies charge the merchant a fee of 3% to 9% for the transaction, in addition to charging the cardholder interest.

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