Saturday, October 21, 2017

Institutional roles in issuing and processing credit cards | Khan Academy

The institutions involved in processing your credit credit and how they relate to each other. Created by Sal Khan.

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Finance and capital markets on Khan Academy: Most of us have borrowed to buy something. Credit cards, in particular, can be quite convenient (but dangerous if not used in moderation). This tutorial explains credit card interest, how credit card companies make money and a far more silly way of borrowing money called “payday” loans.

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During this webinar, you’ll discover …

•That a lot of great business credit cards fill different niches, providing cash back or points, fair credit, or a low APR
•That per the SBA, business credit card limits are 10-100 times that of personal cards
•That Chase and American Express BOTH offer 0% APR business credit cards
•That Capital One offers a business credit card for fair credit and no annual fee if you have a credit score of at least 690
•That American Express and Chase BOTH offer great travel rewards business credit cards
•That American Express has both gold and platinum versions
•And the American Express cards are both directly linked to Delta Airlines, so you can get more points, better rewards, and even access to the TSA Check-in Program at the platinum level
•And the platinum level also gives you access to three airport lounge networks around the world
•Platinum also gets you Gold status in the Starwood Preferred Guest Program
•And the Chase card offers triple points for your first 0,000 spent in combined purchases on travel, internet, cable and phone, and more, EVERY year
•That US Bank and American Express BOTH offer Low APR/Balance Transfers Business Credit Cards
•That Wells Fargo offers a Credit Builder Business Card
•That Bank of America, American Express, and Capital One ALL offer Cards for Cash Back
•That American Express offers Cards for Rewards at the green, gold, and platinum versions
•And we will show you where you can apply for ALL of these cards online


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