Lots of big banks these days don't pay much in the way of interest, half a percent or so. And their loan business is crap. They make money on credit cards and transaction fees.
So credit cards are not loan business?
Yeah consumer credit isn't technically a loan.
http://en.wikipedia.org/wiki/Credit_%28finance%29Ok, i think i understand now. You are mistaking credit cards for consumer credit. These are not the same. Consumer credit means, that someone has to pay for a product at a later point in time and is charged interest in return. Credit card debt is a loan, which also costs interest.
alexk