Tagged Questions
11
votes
3answers
562 views
How can banks afford to offer credit card rewards?
I understand Visa and MasterCard make money on transaction fees, but how much (if any) of those fees do banks see? Do banks make money on people who pay their bills on time, or are reward programs ...
5
votes
4answers
230 views
Can I cancel a credit card without negatively affecting my credit?
Some background: I have no debt, have never carried a balance on the card, and have never used more than 10-15% of the credit limit per month. I'd much prefer to pay with debit/cash, but I got the ...
9
votes
4answers
254 views
What's a Letter of Credit? Are funds held in my bank for the amount in question?
Can someone easily cash one? Is it used for business only, or is there an advantage to consumers using them as well?
