Final answer:
Banks issue credit cards to generate revenue through interest charges and fees imposed on cardholders.
Step-by-step explanation:
Banks and other companies are willing to issue credit cards because these financial institutions earn revenue through interest charges and fees imposed on credit cardholders. When a credit cardholder carries a balance on their card, they accrue interest charges based on the outstanding balance. Additionally, credit card companies charge various fees such as annual fees, late payment fees, and balance transfer fees. These revenue streams make issuing credit cards a profitable venture for banks and other companies.
Learn more about Credit cards as a source of revenue for banks and companies