Posts Tagged ‘ credit card ’

Marketing Intelligence Shows Consumer Retail Spending is Trending Upward

Jim Rohn once said, "Your life does not get better by chance, it gets better by change." According to recent market intelligence, retail spend continues to trend up, translating into increased balance growth on new bankcard and retail card originations. Retail spend continues to trend up from a year ago driven by continued demand for autos in addition to growth in clothing store and restaurant sales. Translating into increased balance growth on new bankcard and retail card originations, particularly seen in the super prime and prime consumer risk segments, where balance growth and origination volumes had been down a year ago given relatively cautious sentiment. This is an encouraging sign in consumer confidence given the overall economic trends in unemployment and downward pressure on home prices.[ READ MORE ]

Unlock Your Credit: Know Your Plastic

Understanding some fundamental principles about credit cards will help your customers choose the best ones to carry in their purses or wallets. There are three key issues to consider. First, is the account reported to Experian and the other national credit reporting companies? Second, is the account secured or unsecured? Third, what is the individual’s association with the account? There are a number of different types of accounts for which a card may be issued. However, the account associated with the card must be reported to Experian in order for it to appear in a credit history and be included in credit score calculations.[ READ MORE ]