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ן»¿Wells Fargo to debut new debt

Here's an idea: How about a credit card that helps borrowers pay off debt by encouraging them to charge more?

Sounds like that "the more you buy, the more you save" oxymoron that retailers love to use.

That's Generic Levitra Cost essentially what Wells Fargo Co. (NYSE:WFC) Buy Cialis Tablets will debut later this year with its newest credit card offering. Reuters reports Wells Billig Generisk Cialis will roll out a new card that gives cardholders the option of receiving rewards points toward outstanding debt on other accounts.

Here's how it works: A customer earns points by charging purchases to the card. Those Billig Generisk Cialis points then go toward paying down the balance of a mortgage, car loan, student loan or other credit line at the bank.

Reuters says the card is modeled after Wells Home Rebate Card, which allows borrowers to reduce mortgage principal with credit card rewards.

Other banks have tried similar approaches to connect with debt wary consumers. Charlotte based Bank of America (NYSE:BAC), for example, has a new card that credits rewards points toward paying down the existing balance on a credit card, in lieu of Hgh Jintropin Avis cash rebates or other perks. (Of course, Buy Cialis Norway couldn't you just use the cash back feature to pay off debt? But I digress.)

For Wells, the credit card business is an untapped source of revenue. Comprar Gh Jintropin The bank, which prides itself on cross Buy Cialis Cheap selling to its account holders, provides a credit card to only about one third of its depositors.