Loading...

Credit Card Insights

Published: August 25, 2018 by Guest Contributor

With credit card openings and usage increasing, now is the time to make sure your financial institution is optimizing its credit card portfolio. Here are some insights on credit card trends:

  • 51% of consumers obtained a credit card application via a digital channel.
  • 42% of credit card applications were completed on a mobile device.
  • The top incentives when selecting a rewards card are cash back (81%), gas rewards (74%) and retail gift cards (71%).

Understanding and having a full view of your customers’ activity, behaviors and preferences can help maximize your wallet share.

More credit card insight>

Related Posts

As digital borrowing continues to gain prominence, fintech lenders must leverage data and analytics to fuel growth while mitigating risk.

Published: May 20, 2024 by Laura Davis

In March's State of the Economy report, we provide insights into consumer spending, the housing market, originations, and more.

Published: March 20, 2024 by Josee Farmer

To better understand a consumer's credit behavior over time, financial institutions must leverage trended data.

Published: March 11, 2024 by Guest Contributor