what all are the charges that we pay for using a credit card? can some one categorise and explain.?

Question

There are some joining and some other charges for availing credit card. what all charges do we pay?

Answer 1

Products cost more because the credit card company charges a % of the sale for their fee. The cost of our taxes go up to pay for the law enforcement to catch thieves. If you don't pay off the account each month you are charged an exorbitant interest rate.