Why do banks get to charge 20% for credit cards and I only get 0.01% for a savings account?
how exactly is that unfair? it is *their* services that *they* are providing for *their* price. they are allowed to do it because they are a business and are allowed to make profit and charge their customers for their services
The Short Answer
how exactly is that unfair? it is *their* services that *they* are providing for *their* price. they are allowed to do it because they are a business and are allowed to make profit and charge their customers for their services
Analysis
Key Concepts: Services, allowed, exactly
This explanation focuses on services, allowed, exactly and spans 40 words across 3 sentences. At 44% below the average Society explanation (72 words), the answer takes a direct, no-frills approach — sometimes the simplest explanation is the most effective.
What This Answer Covers
The explanation opens with: “how exactly is that unfair?” It then elaborates by explaining the root cause, ultimately building toward a complete picture across 3 connected points.
How This Compares in Society
Ranked #358 of 500 Society questions by answer depth (top 72%). This is in the concise tier — a focused explanation that prioritizes clarity over exhaustiveness. Many readers prefer this level of directness.
Frequently Asked Questions
Is there a simple explanation for why banks get to charge 20% for credit cards and i only get 0.01% for a savings account?
how exactly is that unfair? it is *their* services that *they* are providing for *their* price. they are allowed to do it because they are a business and are allowed to make profit and charge their customers for their services
How detailed is this explanation compared to similar Society questions?
This is a focused answer at 40 words, ranked #358 of 500 Society questions by depth. The key concepts covered are services, allowed, exactly.
What approach does this answer take to explain banks get to charge 20% for credit cards and i only get 0.01?
The explanation uses root cause analysis across 40 words. It is categorized under Society and addresses the question through 1 analytical lens.