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Bank of America, Chase, Barclays, and ING Direct (among other smaller companies) are based in Delaware. Most credit card companies in the US are based in Delaware because of usury laws, or rather, lack thereof. Usury laws regulate the interest rate on things like credit cards, but Delaware has no limit, so credit card companies based in Delaware can charge as much as they like for interest.

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Q: How many credit card companies operate in Delaware?
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Related questions

Where are most credit card companies located?

In Delaware


What state has majority of all credit card companies?

Delaware because there is no corporate tax.


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