ELI5- why do retail stores want you to sign up for their credit cards?

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Why do so many stores have their own credit cards? What’s the benefit for the retailer?

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9 Answers

Anonymous 0 Comments

It’s basically a loan. They let you buy something in their store with their credit card with no money out of pocket and then they get to charge you something absurd like 25% interest on it each month. If you don’t pay it all off the next month, they make money on you each month from a single purchase.

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