Among consumers turning to co-branded credit cards to maximize their rewards, the lion’s share want these perks from their favorite retailers, PYMNTS Intelligence research shows. By the Numbers The recent report “The Role of Strategic Partnerships in Consumer Credit Cards,” a PYMNTS Intelligence and Elan...
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...
National banks dominate the consumer credit space. Still, credit unions and community banks are becoming an increasingly popular choice for issuing credit cards. The share of consumers with a CU or community bank card as their primary card rose from 8.3% in 2020 to 13%...
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 […]
November 21, 2023
National banks dominate the consumer credit space. Still, credit unions and community banks are becoming an increasingly popular choice for issuing credit cards. The share of consumers with a CU...
June 13, 2023
Charity begins at home, or at least the general area of one’s home, and consumers show a penchant for supporting financial institutions (FIs) and banks that help those in need...
July 28, 2022
Consumers who donate money to local charities tend to spend more money with local businesses as well. Four out of 10 consumers do volunteer work and contribute to charities, according...
February 10, 2022
Card issuer Elan has launched its Across the Country Charitable Giving program, benefiting 50 charities across the United States. The program, announced in a news release Thursday (Feb. 10), randomly selected 50 of Elan’s more than 250 credit union (CU) partners to give back to the communities they serve. The program lets the CUs identify […]
January 03, 2022
A super-low interest rate might seem like the most tantalizing perk to dangle in front of would-be credit card holders, but research shows there are myriad other factors consumers take...
July 12, 2021
Credit card issuer Elan is now the newest member of the African American Credit Union Coalition (AACUC), a nonprofit organization of African American professionals working to diversify credit, Elan announced...
August 09, 2018
U.S. Bank is reportedly looking to sell Elan, its card processing business, reported Fintech Futures. According to the report, Finastra, FIS and Fiserv are in the running to acquire the...
