Consumers should proceed with caution when selecting their next credit card, according to a recent blog post from the Consumer Financial Protection Bureau (CFPB). In the post, Julie Margetta Morgan, the CFPB’s associate director of research, monitoring and regulations, reminds readers that the top 10 credit card companies alone...
General-purpose credit cards dominate the consumer credit card landscape. In fact, about 2.5 times more consumers hold general-use credit cards than either co-branded credit or store cards, with substantially wider gaps among lower-income consumers and those in younger age groups. Moreover, cardholders who have both...
Apparel seller J. Crew has launched a multi-year credit card program with Synchrony and Mastercard. The collaboration, announced Wednesday (Nov. 29), will see J. Crew and Synchrony team to launch a private label credit card program, and then work with Mastercard to introduce a co-branded credit card designed for J.Crew and J.Crew...
For merchants looking to enhance customer engagement and maintain a competitive edge in a highly competitive market, loyalty programs are a vital asset. In fact, these programs, many tied to store or co-branded credit cards, can be used as a strategic tool to keep cardholders...
May 07, 2024
General-purpose credit cards dominate the consumer credit card landscape. In fact, about 2.5 times more consumers hold general-use credit cards than either co-branded credit or store cards, with substantially wider gaps among lower-income consumers and those in younger age groups. Moreover, cardholders who have both types of cards tend to reach for the latter more […]
April 12, 2023
In 2023, store credit cards could significantly surge based on last year’s trends. A report by LendingTree revealed that 35% of Americans were likely to apply for a store credit...
April 21, 2022
It’s not often that a survey comes back with a finding of zero. Even the moon’s crust contains 45% oxygen. On the debate over buy now, pay later (BNPL) siphoning...
November 09, 2018
Offering financing to consumers can be a tremendous marketing and customer retention tool for retailers that do it right. The trick, Bread Finance CTO and Co-founder Daniel Simon told PYMNTS in a recent conversation, is...
November 29, 2023
Apparel seller J. Crew has launched a multi-year credit card program with Synchrony and Mastercard. The collaboration, announced Wednesday (Nov. 29), will see J. Crew and Synchrony team to launch a private label credit card program, and then work with Mastercard to introduce a co-branded credit card designed for J.Crew and J.Crew Factory customers next year. “As part of this partnership, Synchrony […]
May 21, 2018
Sears Holdings and Citi have announced the extension of their 15-year co-brand and private label credit card relationship. The deal also includes long-term marketing arrangements, as well as enhancements to...
June 09, 2017
Vyze, a cloud-based FinTech for retailers, announced Thursday (June 8) it released its third annual Retail Credit Survey of consumer behavior, which finds consumers are increasingly aware of retail credit...
May 12, 2017
Amid the brick-and-mortar woes of retailers such as Macy’s, is there a silver lining to be spun from credit cards? The New York Times reports that department store operators are...
