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

They know you’re likely about to drop a sum on repairs – most people can’t pay for the big ones out of pocket and this gives them the benefit of a payment plan that you have to pay interest on. Makes them more money, keeps you on the hook.

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