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?
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?
