Credit card companies offer more premium cards

09/14/2009 | NYTimes.com

While credit card companies are reducing the number of new offers they make to consumers, they sent out 28% more offers of premium cards to consumers with the best credit records this year. Companies such as MasterCard and Visa are targeting the safest segment of the credit market first now that there has been an increase in savings and a decrease in high-interest credit card debt. Card companies earn fees on premium cards and also earn revenue on extra services.

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