USA Credit Cards: Card Balances v. Interest Rate [OC]Submitted by rosetechnology t3_10axob4 in dataisbeautiful
lollersauce914 t1_j46un9u wrote
Reply to comment by pkgary in USA Credit Cards: Card Balances v. Interest Rate [OC] by rosetechnology
Card balances means that the issuer is paying merchants but not getting paid back by the card holder. It also implies a higher risk of default. You don't make money on interest until you start getting paid back.
pkgary t1_j46voxg wrote
Ah, that makes sense, thanks!
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