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

>Why do companies like this that have nothing to do with finance

Typically, they’re just partnered with a bank like Chase. It’s more just a “branded” card than. That’s not *always* the case, but usually.

>where you probably only go once or twice a year

It’s still about loyalty. If you have *their* card, they know you’re more likely to choose them *every* time you need that product or service.

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