Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site axiom.UUCP
Path: utzoo!linus!axiom!smk
From: smk@axiom.UUCP (Steven M. Kramer)
Newsgroups: net.consumers
Subject: Re: Free Credit Cards Are Not - (nf)
Message-ID: <562@axiom.UUCP>
Date: Tue, 17-Apr-84 17:10:34 EST
Article-I.D.: axiom.562
Posted: Tue Apr 17 17:10:34 1984
Date-Received: Wed, 18-Apr-84 01:20:38 EST
References: <3061@fortune.UUCP>
Organization: Axiom Technology, Newton MA
Lines: 10

C'mon people.  The outfits that offer free credit cards make money
simply by having the use of your money for a period of time.  Usually,
there is some accompanying bank acct to go with it.  In addition, if
they feel you are a not-so-nice risk, they will require you keep the
amt of your credit limit in the bank.  Banks really aren't set up to
lose by us -- they only lose on S. America, Poland, ...
-- 
	--steve kramer
	{allegra,genrad,ihnp4,utzoo,philabs,uw-beaver}!linus!axiom!smk	(UUCP)
	linus!axiom!smk@mitre-bedford					(MIL)