With the acquisition of MBNA Corp, the Bank of America Corporation has become biggest credit card issuer in America. With this acquisition, the credit card issuer is the biggest in terms of outstanding credit card balances. The company intends to increase its credit card activity and offer affinity-marketing programs to boost its profits. This acquisition can only mean better deals at lower cost for the credit card user.
January 5, 2006
Debit cards or credit cards- There is only one king
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