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Yet another thing e-commerce is killing

E-commerce has already changed your local mall. Now it’s changing your wallet.

As more consumers do their shopping online, they’ve said goodbye to popular brick-and-mortar stores. Now, experts say they should start saying goodbye to the credit cards that go with them.

Online shopping has led to store closures, meaning many consumers are now geographically far away from their favorite retailers. When that happens, the credit cards they opened at those stores are less useful, and consumers stop using them as often, according to a recent report Moody’s Investors Service. These cards are often “co-branded” credit cards that carry a retailer’s name but are issued by a bank working with a major card issuer such as Visa V, +0.71% or Mastercard MA, +1.18% .

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