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Reuters reports that Target Corp. has decided to no longer issue a Visa-branded Target credit card that can be used at virtually every retailer, but instead will begin issuing a Target credit card that can only be used at Target.

Target says that experience shows that it “will have to fund fewer receivables as a result of the move,” while at the same time it has found that its customers spend more money at Target with Target credit cards than with Target/Visa cards.
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