It is self-evident that credit card issuers (like in any other business) tend to get more and more clients. Thats why they constantly create new cards in order to satisfy various wishes. Responsible entrepreneur always worries about his or her consumers. But in fact it is all about making profit. Did you ever think how do they make this profit?
If you are not aware of such matters, this information may be significant and helpful for you:
As a rule, all credit companies (with no exception) like Discover, American Express or Capital One get income by means of merchant fees, annual fees and various additional financial charges.
I think you may remember those days when credit cards charged an annual fee for their service. Nowadays such practice is abandoned and vast majority of the cards has no annual fee. Of course, there are some exceptions, e.g. elite cards for wealthy people. Such clients are fond of spending money as the sign of their prestige.
Merchant fee is something widely accepted as the standard payment. It is used in negotiations between credit organizations and their merchants.
Regular credit cards usage gives the highest income....
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