Question 1
After reading both articles, what is one way credit card companies make money?(1 point)
Responses
By selling credit cards in stores
By selling credit cards in stores
By charging fees when customers don’t pay back borrowed money
By charging fees when customers don’t pay back borrowed money
By offering rewards points to customers
By offering rewards points to customers
By giving away free credit card machines
By giving away free credit card machines
Question 2
According to the article "A Big Credit Card Buy," why might Elizabeth Warren be concerned about the deal between Capital One and Discover?(1 point)
Responses
She believes it could harm competition and lead to higher fees for customers.
She believes it could harm competition and lead to higher fees for customers.
She thinks Discover has too many customers for Capital One to handle.
She thinks Discover has too many customers for Capital One to handle.
She is worried about the companies not having…
1 answer
the necessary regulations in place to protect consumers. She is worried about the companies not having the necessary regulations in place to protect consumers.
She believes the deal will limit credit card options for consumers. She believes the deal will limit credit card options for consumers.
