The Secret Life of a Credit Card

Take a look at the tricks they get up to!!

Credit CardThis web ite uncovers the techniques used by the credit card industry to earn record profits and get consumers to take on more debt.

The industry’s most profitable customers, the ones being sought by creative marketing tactics, are the “revolvers:” the estimated 115 million Americans who carry monthly credit card debt.

Revolvers are “the sweet spot” of the banking industry. This “sweet spot” continues to grow as the average credit card debt among American households has more than doubled over the past decade. Today, the average family owes roughly $8,000 on their credit cards. This debt has helped generate record profits for the credit card industry — last year, more than $30 billion before taxes.

OK this is an American site, but you can be as sure as hell that its happening here!

Click on The Secret Life of a Credit Card to learn more.

1 Comment

  1. Interesting to see you have a blog! Just read it all.

    Ollie must have introduced thousands of people thanks to singingpig.

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