Where do credit card companies get the money they lend?

While of course Credit Card companies will require money from investors, like banks they 'create' money when they issue a loan. read more

While of course Credit Card companies will require money from investors, like banks they 'create' money when they issue a loan. In simple terms, they don't require all of the money in the bank in order to lend it to you, they just require credibility. read more

Credit card companies make the bulk of their money from three things: interest, fees charged to cardholders and transaction fees paid by businesses that accept credit cards. » VIDEO: How to calculate credit card interest. Use credit cards wisely, and you can minimize the amount of money that credit card companies make off of you. read more