SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (75374)12/12/2006 2:06:05 PM
From: benwood  Read Replies (1) | Respond to of 110194
 
According to the GAO, credit card issues get about 70% of their income from interest, and about 13% from fees (as of 2005). The rest presumably they get from merchant transaction fees less losses from write-offs.

See GAO report here, page 72 (77 of the PDF file):
gao.gov

I didn't read the whole thing of course *yawn* But I did read that page.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News