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Old 08-25-2005, 11:46 PM
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Default Credit card offers getting worse

Consumers have witnessed a growing trend of credit card providers withdrawing the benefits and perks previously offered with their deals, and more are doing the same.

Sainsbury's Bank is the latest to withdraw its cashback and reward schemes, in a market which has found it harder to turn over profit since the advent of zero per cent interest offers.

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Why do you think credit card providers are doing this? Won't it erode their competitive advantage?
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