Where do banks get that money to give out 0% interest rate on new credit cards?
Friday, March 12th, 2010 at
6:27 am
The 0% seductiveness rate upon brand new credit cards could volume to multiform thousands of dollars as the gift, for the change send with minimal fees (like $99 max.). Where does the income come from? Who would give the bank the income with no lapse for the bound duration of up to eighteen months?
Related posts:
- Should banks that take TARP Money be charged the same interest rates that they do for credit cards?
- How do banks and earn from Credit cards, i dont pay any annual fees or interest charges,?
- Are there credit cards with no interest rate or fees for 6 months?
- Cheap Rate Credit Cards: Plastic Money at Affordable Price
- Tougher times on the cards: in the wake of the low-rate credit card wars, Australia’s major banks appear to be the most vulnerable in the present low-margin … article from: Australian Banking & Finance
- Is there any shop keeper who can swipe my credit card and give me cash against it in Mumbai at a very low rate?
- Tougher times on the cards: in the wake of the low-rate credit card wars, Australia’s major banks appear to be the most vulnerable in the present low-margin … article from: Australian Banking & Finance
- Why do credit cards require monthly interest payments?
- The Lowdown on Low Interest Rate Credit Cards
- Choosing the Best Low Interest Rate Credit Cards
Tagged with: banks • cards • credit • give • interest • money • rate
Filed under: 0 Interest Credit Cards
Like this post? Subscribe to my RSS feed and get loads more!
They assume that once the temp. 0% period is over, you will still have a balance and will then have to pay the higher interest rates that you will be charged.
All of the other idiots paying 20% interest on their balance. That’s who.