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How does a credit card company make money?

Credit card companies make the bulk of their money from three things: interest, fees charged to cardholders, and transaction fees paid by businesses that ...

Jan 28, 2026 0 views
science

Can you reopen a credit card after bankruptcy?

Once your bankruptcy is discharged, you can apply for new credit cards and begin rebuilding your credit. By understanding how to qualify for a new credit ...

Jan 27, 2026 0 views
science

Do banks pay me interest?

The bank will pay you for every dollar you keep in your savings account. The money the bank pays you is called interest. The bank wants to use your money ...

Jan 27, 2026 0 views
science

What is prepaid card in HDFC?

It is an alternate to cash payments that provides the convenience, control & safety. It is a convenient mode of payment to pay salaries, allowances, p...

Jan 27, 2026 0 views
science

When did banks first introduce debit cards?

The First National Bank of Seattle issued the first debit card to business executives with large savings accounts in 1978. These cards acted like a check ...

Jan 27, 2026 0 views
science

Can a 13 year old have a credit card UK?

You have to be 18 to get a credit card in the UK, but prepaid cards from challenger banks offer a strong interim option. Can I get my 12 year old a credit...

Jan 27, 2026 0 views
science

Is an asset account a debit or credit?

Debits and credits chart Debit Credit Increases an asset account Decreases an asset account Increases an expense account Decreases an expense account Decr...

Jan 27, 2026 0 views