And now class, how do credit card
issuers generate profits?
Not exact matches
In fact, ETF
issuers can even pick and choose which shares to give to APs, meaning they can offload the shares with the lowest possible cost basis (and biggest potential to
generate a
profit, if sold).
If you guessed (d) To
generate profits for credit card
issuers, give yourself a gold star!
These charges provide no value to cardholders and
generate pure
profit for card
issuers, but fortunately, there are an increasing number of credit cards that no longer add this costly and unnecessary fee.