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How do banks make money off of the credit they issue
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42 votes
How do banks make money off of the credit they issue

User Sivaramakrishnan
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12 votes

Answer:

The primary way that banks make money is interest from credit card accounts. When a cardholder fails to repay their entire balance in a given month, interest fees are charged to the account. ... When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing ban

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User Jay Paroline
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