Credit Card Companies

Credit card companies are financial institutions that issue credit cards, allowing users to borrow money up to a certain limit for purchases or cash advances. They earn revenue through interest charges on unpaid balances, annual fees, and transaction fees. These companies also provide payment processing, fraud protection, and rewards programs. When you use a credit card, you're borrowing from the issuer, who pays the merchant immediately and later bills you. Responsible use can help build credit history, while missed payments can impact your credit score and incur higher costs.