why do they do it

pors12

why do credit card companys want our debt? i can appriciate (if not spell it!)

people who dont pay on time they can get money from them but what about

other people whats in it for them, then?

how do they make money with now intrest on payment?

iam curious

humfer

Its all a balance - they obviously have a rough idea of what percentage of customers are not going to pay back the debt (often called bad debt in banks profit reports), but overall they know most people will eventually pay back the full amount, and on the way make them a tidy little sum of extra money.

Milarky

Also credit cards used for spending generates a small percentage for the issuers (not paid to the merchant) even if no interest is charged.