general purpose credit
cards and co-branded credit cards, as well as market factor analysis and card program counts by operating network, issuer, and partnership segment.
CONSUMERS HAVE BECOME EXTREMELY CREDIT CONSCIOUS, steering away from the use of general purpose credit
cards, according to a new report from Mercator Advisory Group, Boston.
Based on current spending data, it's clear that US consumers have become extremely credit conscious, steering away from the use of general purpose credit
Analysis by credit reporting agency TransUnion found that use of general purpose credit
cards bearing MasterCard or Visa logos, or issued by Discover or American Express, fell more than 11 per cent in the third quarter, compared with the July to September period last year.
Number of general purpose credit
cards in circulation in the U.
In partnership with Detroit's OmniBank, one of the largest African American-owned banks in the nation, Mobil has created the Special Purpose Credit
Program to provide $45 million in financing to minorities.
The Nilson Report releases 2011 Report on General Purpose Credit
This study examines the demographic shift and changing landscape of credit card use, use of co-branded credit or charge card programs by type, shift of credit card use to other payment types, consumer experience of changing fees, APRs, balances and comfort with borrowing on their credit cards and motivators to increase borrowing and credit card spending, application channels used for general purpose credit
cards and store credit cards and consumers notice of and reaction to merchant rules for credit card use and interest in mobile-based account controls.
A similar type of change in credit product that makes comparison across business cycles difficult has been the development and spread of general purpose credit
cards for individual consumers during the past few decades.
General Purpose Credit
Card Market, by Purchase Volume, Transaction Volume, Cards Issued, Accounts, Average Cards per Account, and Average Value per Transaction, 2003-2007 (in millions of dollars, except average values)
PayItSimple lets consumers simply and easily charge any purchase on their existing general purpose credit
cards and pay them back in monthly, interest free installments.
Bank of America is one of the largest US banks and with the acquisition of MBNA in 2006 became the largest general purpose credit
card issuer and servicer in the US.