Why do random companies like Firestone Auto care offer credit cards?

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Today I saw them offering credit cards. Why do companies like this that have nothing to do with finance and where you probably only go once or twice a year offer credit cards?

In: Economics

7 Answers

Anonymous 0 Comments

Because it is profitable. The cards are administered by major financial institutions who earn all sorts of money from exorbitant interest rates, and the face company buys customer loyalty with points and discounts for the cards.

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