How do credit cards with a 0% introductory apr make a profit?

Answer It is very important to read all the terms and conditions on a credit card application before committing to accepting an offer of credit. Credit card lending is extremely lucrative for banks, no ma... Read More »

Top Q&A For: How do credit cards with a 0% introductory apr ...

How Do Debit Cards Make a Profit?

A debit card is a form of "credit card" that uses a pin number for security identification instead of a signature and directly accesses a user's bank account instead of a line of credit, as a tradi... Read More »

How do credit unions make a profit?

Credit unions typically charge lower interest than banks for the loans they give to members. At the same time, they pay higher interest than banks on the investment products they offer. With them t... Read More »

The Similarities Between Islamic Credit Cards & Conventional Credit Cards?

The Koran, the holy scripture of Islam, forbids Muslims to charge interest. As with the Hebrew Scriptures, the Koran places lending in the category of charity, and so regards interest as a form of ... Read More »

Are gold credit cards better than regular credit cards?

On One Hand: Regular Cards Accept Lower RatingsRegular credit cards have higher credit limits than secured cards but often not as high as gold cards. Traditionally, you do not need to have as good... Read More »