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Old May 5th 05, 04:49 PM
Matt Barrow
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"xyzzy" wrote in message
...
Denny wrote:


MBNA is in fact the worst of the credit card companies. They make a
higher percentage of their income on fees and penalties than the others.


ALL the card companies and banks are making more than half of their revenue
on fees rather than interest. At 4% rates, they need to keep their CEO's in
BizJets, ya know.


Their CEO was featured in the Wall Street Journal for being a pioneer
in increasing profitability by shafting cardholders.


Do you have a link or do you remember when that article ran?