
Credit Cards Evolve Toward All-Purpose Financial Services Accounts
Personal loans & BNPL can increasingly be accessed via card accounts —one of several trends reshaping how consumers use this banking product.
The latest trends in credit cards, including contactless cards, virtual credit cards, rewards cards, mileage programs, travel points, cash-back loyalty incentives, balance transfer offers, rates/APRs, and other marketing strategies issuers can use to open more credit card accounts.
Personal loans & BNPL can increasingly be accessed via card accounts —one of several trends reshaping how consumers use this banking product.
Community banks and credit unions can unlock lending opportunities by helping customers get a grip on credit card debt.
The app 'Debbie' is the Noom for credit cards. It uses behavioral psychology and habit-changing lessons to help consumers pay down card debt.
Banks relying on interchange fees to fund credit card rewards programs face difficult budgetary decisions if the Durbin bill passes.
With a billion credit cards in use in the U.S., and BNPL gaining fast, primary card status is tougher to achieve (and more vital) than ever.
Credit card reward points, historically limited to specific purchases, are becoming a type of currency, a trend that could boost card usage.
Customers demand intuitive, easy payment options. Banks and credit unions can meet the expectation by getting on board with digital wallets.
Wringing inflation out of the system is already hurting many consumers as rates rise. More pain is coming for them and for banks and fintechs.
The Durbin Amendment is blamed for the near elimination of debit card rewards. A new Durbin bill could do the same for credit card rewards.
Higher interest rates and alternative lending options, especially BNPL, prompt financially strained consumers to spend less on plastic.
Cashback is a fan favorite of credit card rewards programs, but should a rotating cashback calendar be part of your card marketing lineup?
Chase, U.S. Bancorp, BofA and others haven't seen any notable downtick in card performance. (They wouldn't mind seeing balances tick up.)
This free white paper outlines how to meet the evolving data needs of your customers and team.
Read More about Ensure Success In Your Data Journey With These 5 Steps
A successful credit card strategy must be based on three essentials: tailored products, mobile technology and financial education tools.
Rising rates have refocused credit card 'revolvers' on the cost of interest, and climbing prices prompt innovative features from issuers.
'The average American owns three credit cards.' 50 more credit card stats like that cover balances, payments, rewards, Gen Z use and more.
A low APR is still key, but new research reveals that active credit card users consider almost five factors, on average, when choosing cards.
Nearly all issuers saw declines for the first time in years. The pandemic revealed several weak spots relating to service, terms and rewards.
Total debit card spending passed that of credit cards for the first time in 2020. The pandemic was a big reason, but not the only one.
The pandemic's powerful impact on spending habits will have long-lasting effects on digital payment channels, loyalty and credit quality.
Instant issuance of new or replacement cards is now expected by consumers. It also creates three benefits for financial institutions.
Key elements in a digital-first journey range from quick issuance to simple controls. Attract cardholders with card modernization.
The pandemic affected how consumers see multiple financial needs. Tools and techniques for promoting services will have to evolve.
Listen to the brightest minds in the banking and business world and get ready to embrace change, take risks and disrupt yourself and your organization.