Wells Fargo Boosts Credit Card Rates

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At www.sfgate.com

Cardholders are getting the word this week of a 3 percent increase going into effect Nov. 30. 'This is something we've been contemplating for quite a period of time,' Kevin Rhein, group head of card services, told Bloomberg News. 'We had just reached the point that we don't think we can offer credit cards at the current pricing and keep credit flowing.'

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