3 ms·
Credit card companies charge you 20% but they also charge businesses another 3%. How do they get away with it when the interest rate they are borrowing at is 1/
by devoply 8y ago
Credit card companies charge you 20% but they also charge businesses another 3%. How do they get away with it when the interest rate they are borrowing at is 1/10 of that?
- kayfox 8y agoThey charge the merchant for the transaction and they charge you for interest on balances carried more than 30 days. If you pay them off promptly you don't get charged interest.