Re:Credit-Card Debt Nears $1 Trillion as Banks Push Plastic
by gtheodor on Friday May 20, 2016 @11:55AM
(#11738858)
From the article:
"Even American Express Co., which historically has focused on customers who pay their bills off every month, is now concentrating on lending money to consumers who keep a balance.
Outstanding balances reached nearly $952 billion in the first quarter, ..."
This seems to imply that, by "keep a balance," they mean not paying your bill off every month.
Outstanding balances reached nearly $952 billion in the first quarter, ..."
This seems to imply that, by "keep a balance," they mean not paying your bill off every month.