Alex Xu on X: "/1 Why is the credit card called “𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐩𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐥𝐞 product in banks”? How does VISA/Mastercard make money? The diagram below shows the economics of the credit card
How does VISA make money from currency conversions.? Source- LinkedIn (blog.bytebytego.com) - Chartered Accountants - Quora
![How do Credit Card companies make money — The Business Model | by WalletBuddy | WalletBuddy | Medium How do Credit Card companies make money — The Business Model | by WalletBuddy | WalletBuddy | Medium](https://miro.medium.com/v2/resize:fit:1400/1*CU2axxq3nNGwoMM7tpjGXg.png)