Why Banks Love Credit Card User?

[nuaeman]

I believe many of the bank's profits comes from credit card and no doubt those advertisement and roadshows as well aggressive sales person promoting people to use their card shows how important it is to the bank. Thanks for the information.

[Samanosuke_04]

I need to agree. Credit card is important. Especially for IM like us..

LOL, maybe the threads title should be change, its not bank who love card credit users, its the user who love the credit card in the first place, actually, if we look from different point of view, its a win-win situation... Bank gets their profits from the interest they charged, and we get pleasure being able to use the credit cards!!

[titaniumhijau]

Originally Posted by Samanosuke_04

LOL, maybe the threads title should be change, its not bank who love card credit users, its the user who love the credit card in the first place, actually, if we look from different point of view, its a win-win situation... Bank gets their profits from the interest they charged, and we get pleasure being able to use the credit cards!!

Hehe

I still think its same. Maybe like you said, win-win situation. ONly people who really know how to use credit card wisely can use it effectively. Many people failed and in debt because use credit card without control. I also believe, bank also try to promote and attract us wisely.

[Samanosuke_04]

But few people knows how to use credit card efficiently, especially singles. lol (no offence) Often they spend their money in extravagance because they want to celebrate their freedom and being finally untangled to someone else's care, they know they'll end up in debt but hey, life is still long they said.

Bank promotes their cards by giving bonus points such as the bonus link card, for every purchase you'll gain point and that point can be used to redeem prizes! Funny, I really think this thread's title should be change too "why everyone love credit cards?" LOL

[kereta06]

Credit card like money or fire is not evil nor bad. If you know how to use fire, you are the master. If you let it get out of control, it will consume you literally.

Don’t buy on credit what you can’t pay with cash today.

[sam123]

yes banks love to have credit card users as they can charge them to use credit cards and more ever the charges are also very high.but if the bank doest not extarct the money from them then it can be a serious trouble for them also.as they can lose a lot.

[AzeAzeAze]

i think the only reason is they get fees monthly from CC users ! this is their profit !

[vietserve]

Banks earn from monthly fees , Transfer fee , and money tends to be transferred more in virtual market than real and they raise capital to invest into other projects.

[kodek]

will never use CC .. i put that in my heart and in my mind .. tho credit card seems to be very tempting .. and styles .. you flash credit cards in front of gals .. then they will chasing after you .. esp. if you using the gold or platinum CC ..

[Samanosuke_04]

Its impossible, you'll use credit cards whether you like it or not, what do you plan to do if you didn't have a credit card? You cant even use paypal if you dont have a credit card!! . I know that credit card can leads you to misuse, but just like other people says, if you use it right, then you are alright !!