A credit card issuer is an unsecured creditor and makes money by imposing charges and fees for transactions one performs to transact via a credit card.
Credit card issuer is the one who offers such credit facility to the consumer over the credibility of the holder in the market. He is an unsecured creditor, as no collateral is recoverable in case of default by cardholder.
A few ways in which card issuer make money on their cards are as follows:
Hence, the ways in which a credit card issuer or a credit card company earns money is in the ways as aforementioned above.
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https://brainly.com/question/1160037
Answer:I took the test and got a 100
Explanation:
Credit card companies make money on their cards by charging banks a fee to issue their cards. They also charge merchants to accept their credit cards when customers use them to pay for products and services. Credit card issuers are financial institutions that establish credit accounts for their customers and provide them with a pre-approved credit limit.
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