What is secured credit cards?

Secured credit cards popular among customers with bad credit score. It could be useful tool to build or rebuild credit score but it takes long time. It’s popular to use credit card in developed countries but it’s not always easy to get unsecured credit card. Financial institutions which issue credit cards require issuance from customer […]

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How American Express make money?

American Express Inc is financial services provider with worldwide presence. Established in 1850,headquarter in New York. IPO 1978 and listed in New York Stock Exchange. In Fortune 500 ranked number 86 with 181 billion in assets and around 120 million active cards. Price per share $99 (January 2019). Sources of revenue comes from 2 main […]

How banks make money on your debit card

Debit card is like plastic money without need to carry cash. Every time swipe, you use funds which already available. There are few ways how bank make money on every time debit card used. Banks earn less on debit cards compared to credit cards revenue. In table below comparison of debit vs credit cards parameters. […]

Debit vs credit card basics

A few decades long discussion,over which type of card better fuelled by massive banks ads. For instance debit card better for your future financial wealth that credit card. Debit card technically is digitized form of cash which you already earned. Credit card is line of credit which you have to repay to avoid personal financial […]