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Making Cents: Ya Gotta Give 'Em Credit . . .

September 29, 1996

Credit card companies borrow funds at rates of between 5% and 8% and usually loan to consumers at rates of between 17% and 25%. The difference between what they pay for the funds and what they charge consumers makes it hard for them to lose money. And despite recent reports of larger losses, all the major credit card companies are expected to announce improved earnings this quarter.

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