Hi guys, I’m studying this company and wanted to understand the role of interest rate cuts on credit card companies.
If repo rates are cut, will the finance cost decrease? How will the cost change considering NCD, etc will also have change in their interest rates.
If cost of borrowing decreases, will they be forced to lower their interest rates which they charge as well?
Another question I’ve is regarding cashback. How does one make money in such scenarios? Are the cashback cost bore by the credit card or by the seller? Or it’s just a tactics?
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