A Georgia-based credit card company has agreed to pay $11 million in restitution to New Yorkers to settle a New York state investigation into its practices.

Columbus Bank and Trust Co. and CompuCredit Corp., a marketing and collection company, agreed to reform practices for its subprime credit cards held by 60,000 New Yorkers, Attorney General Eliot Spitzer said. The cards are marketed to consumers with lower incomes or credit problems who are willing to pay higher rates and fees to secure credit cards.