How does bank make profit on credit cards?
Lot of banks are issuing free credit cards. How do these banks make profit by giving free credit cards. If we purchase something in credit card, the bank has to pay the money to the vendors and we will pay it only after say, 45 days. The bank will lose the interest for this 45 days. So how does it work?
bank best answer:
Answer by thewindowman
CREDIT DEBT IS WHAT? A TRILLION DOLLARS? AT 20% INTEREST THEY CAN'T COUNT FAST ENOUGH.
GOD BLESS
bank
Bank Block, Central Square, Keene New Hampshire
Image by Keene and Cheshire County (NH) Historical Photos
TITLE
Bank Block, Central Square, Keene New Hampshire
CREATOR
French, J.A., Keene NH
SUBJECT
Business districts - NH - Keene
Stores and shops - NH - Keene
Buildings - NH - Keene
Streets - NH - Keene
DESCRIPTION
Stereograph of the Bank Block on the east side of Central Square in Keene NH. The present Bank Block was erected in 1870. After the fire of 1934, the building was remodeled and the two upper floors were removed.
PUBLISHER
Keene Public Library and the Historical Society of Cheshire County
DATE DIGITAL
20090817
DATE ORIGINAL
1870?
RESOURCE TYPE
stereographs
FORMAT
image/jpg
RESOURCE IDENTIFIER
HS142-P1929
RIGHTS MANAGMENT
No known copyright restrictions.
Orignal From: How does bank make profit on credit cards? and Bank Block, Central Square, Keene New Hampshire
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