Your credit card debt is translating into higher profits for many banks across the country. The Pew Safe Credit Cards Project says banks have seen a 46% profit from consumer debt in the first half of 2009 thanks to increased credit card rates. The median lowest advertised credit card rate rose to 11.99% in July from 9.99% in December. Have your rates recently gone up? How high? Do you think your bank is taking advantage of you?
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