How does bank make profit on credit cards? and Bank of China

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 of China


Image by Canadian Pacific
No. 23, the Bund.

Built 1936 as Bank of China's head office. The Art Deco building has interesting Chinese elements. Bank of China chose this site to break the West's dominance in the Bund.

www.chinese-architecture.info/BUND/SH-BU-016.htm

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