With extensive financial resources, widespread branch networks, and robust financial infrastructure, national banks wield considerable influence and dominance, particularly in the credit card industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
When choosing a credit card, consumers typically take into account a series of features, such as the interest rate, the possibility of getting reward points from a loyalty program and the level of security provided. While these are all crucial factors in the choice, as...
Adapting to the evolving preferences of the increasingly influential young consumer demographic has ushered in a transformative era for financial institutions (FIs), challenging the conventional approaches to fostering loyalty. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Generation Z has emerged as a pivotal demographic for financial institutions (FIs), even as they challenge traditional loyalty strategies. The generation, whose adult members are 18 to 25 years old, is dissatisfied with many existing reward structures and instead tends to prefer more innovative, personalized...
America’s credit card companies ended December with delinquencies and charge-off rates essentially unchanged from November. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Credit cards have become more than just a means of payment. With the rise of travel credit cards, consumers now have the opportunity to earn rewards and benefits while making everyday purchases like groceries, restaurants or gas. Some of the most common perks include free...
In today’s challenging economic environment, understanding how consumers use credit cards is important. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
When a consumer is offered an installment or split-pay plan at the end of the checkout or any point of the shopping journey, the oft-assumed main benefit of doing so is for the consumer to have access to a purchase that they couldn’t afford otherwise...
In a world where managing finances has become a challenge, it is important to explore strategies to avoid accumulating debt and prevent overspending. An effective tactic adopted by consumers is abstaining from credit card ownership, a recommendation corroborated by findings in the “New Reality Check:...
