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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
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