Quote:
Originally Posted by Neil
They make money on every transaction so if you use the card and pay in full each month they make about 2% on your transactions, the 2% is charged to the retailer not you ( well sometimes they charge you).
If you pay less than the full amount they make money in interest.
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I agree with tha Neil, but if you pay up every month they don't really like you, they'd much rather your card was maxed out and you were paying interest every month not just a one of 2% payment. I use may card a lot (not Egg) and I've never paid one penny in interest, mind you I am very careful what and when I use it, I have a set monthly amout whic I don't go over