What is the difference between Retail Banking operations and Credit Card Banking operations

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Accepted Answer

Retail banking operations deal with traditional banking services while credit card banking operations focus on credit card services.

Retail banking includes services like savings and checking accounts, loans, and mortgages.
Credit card banking includes services like credit card issuance, payment processing, and reward programs.
Retail banking is more focused on deposits and lending while credit card banking is more focused on transactions and payments.
Retail banking involves more face-to-face interactions with customers while credit card banking is more automated.
Examples of retail banks include Bank of America and Wells Fargo while examples of credit card banks include Capital One and Discover.

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