Market of Credit Card

• Usually, the supply of credit card is being catered by banks and lending
companies
• The banks and Credit card companies make money by collecting annual fees
• They Also charge interest when a customer is unable to play their borrowed
amount within the given time frame (approx. 56 days)
• As the Interest rate paid on credit card borrowing rises, more firms will be
eager to issue credit cards and to encourage customers to use them.
• As the interest rate on borrowing declines, the demand for credit card
would rise rapidly