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+Credit Cards | 857 days ago

Why Are Banks and Credit Card Issuers Being So Nice?

By Brad Tuttle

Banks are giving cash bonuses of $100, even $200 to people who open checking accounts. New credit cards come with policies that will waive or refund interest to customers in certain situations. Why are we the beneficiaries of such generosity? Mostly, because for banks, offering a helping hand—or at least appearing to do so—is good for business in our precarious financial times.

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