Complexity of Credit Card Issuing in a High-Rate Environment
While managing credit card programs in-house may have worked before, banks now need a forward-thinking, modern credit card strategy that balances profitability and risk.
Today’s credit cardholders are increasingly sophisticated. They seek customized cards, robust reward programs and a digital experience that many smaller financial institutions can’t fully provide.
While issuers should focus on supporting cardmembers, economic pressures and rising delinquencies are steepening the risk. These headwinds create further disadvantages because they take away from investment and resources to support a modern card strategy.
Watch this webinar with Elan Credit Card’s SVP, National Director Mitch Pangretic and Brian Bugg, CFA, VP, Director of Strategic Partnerships as they uncover how to build a modern credit card strategy that balances profitability and risk, adopts the latest technology and delivers the customization that cardholders demand.
Key Takeaways:
- Balance Sheet Performance: What impact are rising rates and inflation having on the value of your credit card program?
- Credit Performance: How rising rates and inflation are affecting credit card profitability.
- Operational Performance: What impact are rising rates and inflation having on operational costs?
