Credit Card Company Profits Soar

[jeffrey]

If you ever wondered where all those fees and high interest rates you are paying on your credit cards is going, look no further than the credit card company's pockets:

The profit wagon is running full steam as the nation's "Big 3" credit card issuers racked up a stunning 27% gain in profits during the first three months of this year. Collectively, Citigroup, MBNA, and Bank One raked in more than $1.6 billion in card profits for the first quarter... [read more at cardWeb.com]

For ways to cut down on your credit card fees, read the SavingAdvice.com article Redicing Credit Card Fees