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More Credit Card Offers Being Made

By December 7, 2021December 28th, 2021No Comments

More Credit Card Offers Being Made

American consumers paid down their credit-card debt during the pandemic. News reports indicate banks are marketing hard to get them borrowing again. Last year credit-card profitability fell to the lowest level since 2009.

DCA Insight:

Banks are making moves to reverse the trend. Credit-card solicitations are arriving in consumers’ mailboxes in droves as issuers seek low-risk cardholders willing to spend now and pay over time. Big banks are upping their marketing budgets—and sweetening offers with miles or points—to drive interest payments.

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