What are the sources of income of a Credit Card?

What are the sources of income of a Credit Card?

The sources of income of a Credit Card

The main source of income of a credit card is its finance charge and or interest.  It has also sizeable income from delayed payment charges.  The finance charge includes the service charge it collects from a vendor who accepts payment through credit card.  Depending on the offers of the card, the charge also varies.

Also Read

1. Read What is Cash?
2. Read What is Cheque?
3. See What is Banker / Manager Cheque?
4. See What is a Pay Order?
5. Know What is Account Payee Cheque / Crossed Cheque?
6. Know What is Crossing of a Cheque Mean?
7. Read What is an Order Cheque?
8. Read What is a Bearer Cheque?
9. See What is an Open Cheque?
10. See What is a Self Cheque?
11. Know What is a Post-Dated Cheque?
12. Know What is a Pre-Dated Cheque?
13. Read What is a Stale Cheque?
14. Read What is a Mutilated Cheque?
15. See What is a Travellers Cheque?
16. See What is Telegraphic Transfer?
17. know What is Letter of Credit?
18. know What is a Demand Draft?
19. Read What is a Travel Card?
20. Read What are the types of Travel Cards?
21. See What is a Credit Card?
22. See How Credit Card Rewards works?
23. Know What is the percentage of charges by a Credit Card?
24. Know What are the main parts of a Credit or Debit Card?
25. Read What are the details on back side of a Credit Card?
26. Read What is the difference between a Gold card and a Platinum Card?
27. See What is the eligibility for getting a Credit Card?

Must Know !!

• What is KFON?