Some credit card companies squeeze most responsible customers

Washington Post Friday, July 30, 2010 iStockphoto.com After the recession forced credit card companies to purge their rosters of the riskiest loans, the industry is facing a new dilemma: customers who are too good. Card issuers have long found their bread and butter in penalty fees and high interest rates paid by consumers who carry a balance. But that business model has been upended by the …

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Some credit card companies squeeze most responsible customers