How much money do banks make on credit cards per customer?

Question

How much money do banks make on credit cards per customer?

Answer 1

If the customers are only making their minimum payments, then banks make quite a bit.  If you only make the minimum payment, then you are just barely paying of the interest.  It would take someone about 5 years (give or take a bit depending on the exact numbers) to pay off a $500 credit card making only the minimum payment every month.  Banks also make a lot of money off of late fees.