Credit card spending falls 2.8% in August as new card additions slow

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Banks added 1.19 million credit cards during August, down 5.6% from 1.26 million cards in July, taking the total credit card tally to 124.1 million at the end of August from 122.9 million a month earlier, the data showed. The card base was 10.3% higher than 112.5 million a year earlier
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