Here are the answers to your questions based on the articles:
Question 1: What is one way credit card companies make money?
Answer: By charging fees when customers don’t pay back borrowed money.
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?
Answer: She believes it could harm competition and lead to higher fees for customers.
Question 3: In the article "All About Credit Cards," how does Matt Schulz's advice about using credit cards demonstrate responsible financial habits?
Answer: He suggests learning how credit cards work before getting one and paying off debt quickly if it occurs.
Question 4: Which of the following statements is a key message shared in both articles?
Answer: Credit cards can be very helpful when used correctly, but they can lead to serious financial problems if not managed properly.
Question 5: Which of the following is a common concern expressed in both articles?
Answer: Not paying back credit card debt can lead to high fees.
Question 6: What was the combined total of purchases by Capital One and Discover customers in 2022?
Answer: 745.2 billion dollars.
Question 7: What is a key difference between using a credit card and getting a loan?
Answer: With a credit card, you have to pay the full amount back all at once, while a loan allows you to pay back smaller amounts over time.