Credit Cards, PBS Frontline Video

1. Where did the Credit Card Business really start to take off? Why? South
Dakota because money was tight, and the economy was bad.

2. What Banks looked at relocating to South Dakota as well? Citibank and all the other major credit
card banks.

3. What state got into the action on east Coast?

4. How profitable are the credit card companies? They are profitable, but not as
profitable as people would think. Still, it is more profitable than
Microsoft and Wal-Mart

5. How do people use their credit cards? 144,000,000

6. How many people pay off their bills every month? What do credit card
companies call them? 55,000,000- dead beats

7. How many people do not pay off their bills every month? What are they called? 90,000,000

8. What interest rates do credit card companies charge?

9. How much credit card debit does the average consumer carry? $8,000

10. What are some of the new methods credit card companies use to increase profit with consumers?

11. Why do consumers keep a balance of their credit cards when they can pay it
off? They want to keep some money in the bank just incase something
happens

12. What is a credit score used for?