Why do banks like customers to use credit cards? What do they make money from? If I meet the bank's credit card requirements every year, I don't have to pay the annual credit card fee.

Banks issue credit cards to facilitate cardholders' consumption, so as to earn installment interest and handling fees.

Just because some people like to repay in full doesn't mean that everyone will repay in full, and banks themselves can't judge who will repay in full without issuing cards. Anyway, a certain number of people in the total amount have to pay in installments. Without issuing cards, banks make nothing.

In addition, banks and some merchants engage in some promotional activities to attract cardholders to pay by installments, and official website will also cooperate with some brands to pay by installments.

In China, only consumption is allowed, and cash withdrawal is charged, but in some foreign countries, there is no charge and cash withdrawal can be made in full. This is mainly to make money. Therefore, domestic cards can not become real credit cards, but are called quasi-credit cards.

What are the skills for negotiating overdue credit cards (how to negotiate overdue credit cards)

Can I apply for a tourist visa to Japan if my bank credit is overdue?

What are the consequences of being 4 days overdue on a credit card? Will being 4 days overdue affect your credit?

Where is Qujing Ping An Bank?

How to report the loss of a Rural Credit Cooperative bank card?

I spend 5,000 yuan on my credit card and I can repay 1,000 yuan every month. I can pay it off within half a year. How much will the total interest be in the end? Is it worthwhile to apply for install

Can I still use my credit card after the bill is issued?

Hello! My Ping An credit card has been paid off! Why is the balance still negative?

What is the minimum down payment for buying a car?

What does it mean that the fixed credit line of ABC is 70,000 and the temporary credit line can be increased to 70,000?