Anonymous
I can understand that the credit card companies (visa, mastercard, amex etc) earn from transaction fees. does the banks earn also from transaction fee or referral fee from credit card company? so many credit card promoters, it almost seem that their KPI is to sell as many cards as possible, regardless whether consumers use or not. some of the cards are pretty much useless.
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Pang Zhe Liang
24 Jan 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
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Fees is one source of their revenue. Marketing is another source. Moreover, late fees and instalment accounts for a significant source as well.
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