Toggle sidebar

why are credit card rates so high?

Sort by date Sort by votes
N

nicko

Free Member
Jun 13, 2008
4
0
Hi all,

I have a question. Why do credit cards charge such a high interest rate when bank rates are so low?

Are credit card businesses making a healthy margin or are there a lot more costs associated with this business model?

if this is the case i might go set up a credit card business, charge lower interest and reap the rewards.

I welcome your thoughts...

Nicko
 
yeah I considered that. But it still seems a pretty high margin to put in place to factor in the risk of default payments.
 
Upvote 0
You must log in or register to reply here.

Latest Articles

Top Bottom
Back