To add on Bank also gives a n offer to the custome...

2009-10-07T12:13:13.359+05:30

To add on Bank also gives a n offer to the customer to convert the O/S balance into EMIs for which they may charge a processing fees plus a regular interest rate between 1 to 2 %.

In addition to that bank also gives a balance transfer option. To avail that option customer has to pay charges. Again an income for the bank

By : Prashant p

Comments on The Finance Blog: How do banks make money through credit cards?

To add on Bank also gives a n offer to the custome...