Hello

The main purpose of banks to carry out credit card business is to make profits;

1. Merchant’s commission We know that consumers only need to pay by swiping their cards There is a commission system for payment between merchants and banks, usually about 2%, which is borne by the merchant, which is also the main profit point of the credit card business

2. The annual credit card fee is generally 50-100 yuan for ordinary cards. The gold card is 200-300 yuan (currently, most banks have a rule of exempting annual fees for N times a year)

3. Late payment fees and interest on cash borrowing If credit card holders use a credit card to advance cash Need to pay handling fee and daily interest

Thank you