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Industry Expert Says Card Income Will Soon Come More From Fees

"Pretty amazing stuff," consultant Robert Hammer says of fee income eclipsing interest on card loans.

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A card industry analyst predicts that by next year, card issuers overall may derive more of their credit card income from fees on the cards than from interest on the card loans.

Robert Hammer, founder and CEO of R.K. Hammer, a card consultancy based in Thousand Oaks, Calif., pointed to industry data which showed card issuers already make almost as much from the fees their credit cards carry as from their interest.

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