Credit Card SHOCKER! Banks Make 80% From THIS (Not What You Think) – Trump vs. Finance NOW!
Did you know interest charges account for a staggering 80% of credit card company profits? President Trump's proposed 10% interest rate cap, intended to help Americans, faces fierce opposition from banking giants like JPMorgan Chase, who warn of economic disaster and reduced credit availability. This is because credit card companies, including major players like Visa, Mastercard, and American Express, earn substantial revenue not just from interest but also from processing fees and various cardholder fees such as annual, late, and balance transfer charges. Understanding these complex mechanisms, from issuer to network roles, is crucial for consumers. By strategically paying balances in full and utilizing balance transfer offers, you can avoid these costly fees and save significant money, potentially even building a better credit score. Don't miss out on vital financial insights; subscribe to our channel for more expert advice!
Tags/Hashtags: #trump #banking #apr #chase #visa #mastercard #discover
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