Thursday, May 29, 2008

How Do Credit Card Companies make their Profit?

1. Interest on DebtThis is the biggest form of profit. With credit card rates nearing 18%, that makes a very profitable rate of return. It is much higher than a standard loan. True, some people may always pay off their debt; but enough people maintain a debt balance on their credit card which can last [...]

Read More...

[Source: Finance Blog]

No comments: