The main ways to make money with bank credit cards are as follows:
1. Fee income: When bank credit cards are issued, certain card application fees will be charged, such as annual fees, annual fee exemptions, etc. In addition, credit cards also incur transaction fees, cash withdrawal fees and other fees, which are one of the ways for banks to obtain income.
2. Interest income: The biggest feature of credit cards is that they enjoy a short-term interest-free period, and interest will be paid on the portion beyond the interest-free period. Banks use this interest as one of their sources of income.
3. Late payment fees and penalty interest: Overdue credit card repayments will generate late payment fees and penalty interest. The bank will charge penalties based on the number of days of overdue repayment and the overdue amount. This is also a way for banks to obtain income.
4. Inter-bank cash withdrawal income: When a bank’s credit card holder withdraws cash from an ATM machine of another bank, the bank that withdraws cash will pay a certain fee to the bank where the card holder is located. This is also how bank credit cards make money. a way.
5. Shopping rebates and coupons: In order to attract cardholders to use credit cards for consumption, banks will launch some shopping rebates, coupons and other activities. When cardholders make purchases through their credit cards, banks receive certain rebates or fees from merchants.
6. Sales of value-added services such as insurance: Bank credit cards can also provide some value-added services, such as purchasing insurance, redeeming points, preferential merchants, etc. These are one of the sources of income for banks.
Don’t take overdue online loans lightly, because in addition to collection, personal credit will also be affected. Especially for online loans with credit bureaus, once there is an overdue record, it will have a serious impact on future bank loans or credit card businesses. Even if online loans cannot be listed on the credit bureau, the data can still be recorded. You can check your online loan history, overdue details, debt status, dishonesty information and online loan blacklist in "Xiao Qixin Check".