Sat.Nov 02, 2013 - Fri.Nov 08, 2013

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Why smartphones will kill credit card rewards

Banking 4 Tomorrow

'Credit cards are expensive. According to BankRate.com the average US annual percentage rate (APR) charges on credit cards is 15.35%[1], but that’s down in recent years. During the financial crisis some US-based credit card APRs went as high as 39.6%[2] as banks like Bank of American tried to compensate for increasing risk, or unwind high-risk […].

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