It’s time to get it out in the open: Credit card companies are in it for the money. They are in business to make a profit. And it appears they are doing a bang-up job of it given information from Motley Fool that says card companies hauled in $176 billion in 2020. Wow. Imagine what that number will be for 2023.
If you own a credit card, you have chosen to participate in a kind of competition. And that’s OK, provided you know the rules of the game. It couldn’t hurt to study your competitor’s strategy.
