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Credit Card Rates Rise in First Half of '09

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BANKING CRISIS? WHAT CRISIS?
The nation's banks raised credit card rates and increased their profit from lending to consumers in the first half of 2009, according to the Pew Safe Credit Cards Project. The median lowest advertised credit card rate rose to 11.99% in July from 9.99% in December. At the same time, the group said, the profit banks made on credit card debt rose 46%.
SOURCE:   CNN

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