Bankcard originations had a 32 percent year-over-year increase in Q4 2013 ($61 billion to $81 billion). However, average new card limits increased only for the super-prime and prime credit tiers. Average new card limits for the near-prime, subprime and deep-subprime credit tiers decreased year-over-year.
New card limits increase only for top credit tiers
Related Posts
Digital commerce is creating more ways to shop and more ways for fraud to hide. Discover how you can effectively prevent e-commerce fraud.
See how NeuroID helps businesses distinguish legitimate AI agents from fraud bots, while Agent Trust verifies agent-initiated transactions.
Learn how banks can convert rising fraud investment into protection customers recognize, value and feel in our recent report. Read more!