The transaction fees earned from merchants is not the only source of income that Banks have from Credit Cards.
Sometimes you can also be a source of income for banks if you commit any of the following with your Credit Card...
1. You did not pay bill on time
2. You did not pay the full dues on time (part payment)
3. You withdrew cash from ATM with the help of your Credit Card
These three are probably the biggest mistakes that one can do with their Credit Card. Why these things are so serious... I will explain one by one.
To be continued...
Sometimes you can also be a source of income for banks if you commit any of the following with your Credit Card...
1. You did not pay bill on time
2. You did not pay the full dues on time (part payment)
3. You withdrew cash from ATM with the help of your Credit Card
These three are probably the biggest mistakes that one can do with their Credit Card. Why these things are so serious... I will explain one by one.
To be continued...
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