I use 4 credit cards - all of them are lifetime free cards. And I always pay my money on time. Yet, the banks mint money from me. Yes, even when I don’t pay any late fee or interest charges, I’m a great source of revenue for my bank. But how do they do it? And why is the credit card game so beneficial for banks?
This is very interesting. Thanks for the insights Ankur.
Thanks Emmanual. Glad you liked it :)