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Banks are giving away credit cards like it's 2008

Banks are giving away credit cards at a rate. Bank of America Merrill Lynch just reported strong third-quarter earnings, and buried in the earnings release was this factoid: New US consumer credit card issuance hit the highest level since 2008. The bank issued 1.3 million credit cards during the three-month period, with total credit card loans for the period averaging $88.
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