Co Branded Credit Cards news and trends

Mastercard and LuLu Collaborate on Cardless Payments

July 05, 2024
Lulu, mastercard, cardless payments
Wells Fargo and Rent-Rewards Card Bilt Deny Troubles Despite Reported $10M in Monthly Losses
Credit Cards // June 16, 2024

Wells Fargo and Bilt are denying reports that their co-branded credit card relationship is in trouble. The banking giant teamed with the FinTech startup in 2022 on a card that let users pay their rent while earning rewards points.  However, The Wall Street Journal (WSJ)...

38% of Consumers Earning Over $100K Carry Co-Branded Credit Cards
Credit Cards // May 13, 2024

PYMNTS Intelligence finds that 2.5 times as many consumers possess a general-use credit card than own a co-branded credit or store card.  Yet, because 27% of all U.S. consumers also have these more specialized cards, we wanted to take a closer look at their popularity....

Are Co-Branded Credit Cards Facing an Existential Crisis?
Consumer Finance // 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...

Indian FinTech BankBazaar Plans IPO in 2023, Expects to Hire 1,500
IPO // April 07, 2022

BankBazaar.com, a FinTech co-branded credit card issuer and online platform for free credit score, will go for an IPO in 2023, a report in the Times of India said Thursday (April 7). The company plans to recruit over 1,500 new employees for its expansions of...

Interviews & Exclusives
Are Co-Branded Credit Cards Facing an Existential Crisis?

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 […]

Quick Reads
Mastercard and LuLu Collaborate on Cardless Payments

July 05, 2024
Mastercard is expanding its partnership with Dubai-based retail conglomerate LuLu Group. The collaboration, announced Friday (July 5), will extend across the markets of Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and newly-added Saudi Arabia, integrating Mastercard’s expertise into Lulu Group’s operation. “The partnership will introduce revamped features and benefits, such as digital in-store transactions […]

Wells Fargo and Rent-Rewards Card Bilt Deny Troubles Despite Reported $10M in Monthly Losses

June 16, 2024
Wells Fargo and Bilt are denying reports that their co-branded credit card relationship is in trouble. The banking giant teamed with the FinTech startup in 2022 on a card that...

Indian FinTech BankBazaar Plans IPO in 2023, Expects to Hire 1,500

April 07, 2022
BankBazaar.com, a FinTech co-branded credit card issuer and online platform for free credit score, will go for an IPO in 2023, a report in the Times of India said Thursday...

How Citi’s New Costco Card Stacks Up

March 29, 2016
Costco’s customers will soon have their Citi co-branded credit card in hand. Citi announced late last week that the cards would begin shipping in order to replace the American Express...