CHICAGO (MCT) Only 18 months ago, Wade Thomas had credit card debt of $16,480 on his 20 credit, retail and gas cards. But when the Austin, Texas, travel planner lost his job in July 2009 at a company for which he had worked for 11 years, he decided to use some of his severance package to reduce his debt. Today, Thomas’ combined credit card balance stands at $2,550. read more
As consumers slash debt, credit cards boost incentives
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