The credit card market remains competitive as ever, and credit unions will need to work hard this year if they want their card offerings to stand out. As for consumers, they are becoming more discerning as to what kinds of features and rewards they want from their card. A recent report from PYMNTS.com found that […]
The Battle For Holiday Spending 2021
For many, 2021 was yet another challenging year, but one notable difference between this year and the last is a stronger holiday shopping season. More than a quarter of Americans started their holiday shopping as early as September, according to a survey from CreditCards.com, 62% of respondents said they planned on making their holiday purchases […]
Is Debit Here To Stay?
Credit cards have continued to remain popular over the years, but there are signs that their popularity may be waning. According to PULSE’s 2021 Issuer Study, while debit card transactions were slightly down, total debit spending grew 8% year-over-year. Much of that growth is due to the ticket sizes of these transactions, which increased from […]
Wells Fargo Shut Down Opens New Opportunity For Credit Unions
Wells Fargo recently announced that it’s shutting down all existing personal lines of credit in the coming weeks and has stopped offering new lines of personal credit. This particular product was very popular with the bank’s customers, and this shutdown has, not surprisingly, angered a lot of them. What makes this cancellation all the more […]
Are Americans, And Their Wallets, Ready For Summer Vacation?
Summer is upon us, and many Americans are ready to get outside and do the things they were not able to do last year during the pandemic. According to a report from CNBC, nearly 70% of Airbnb searches for Memorial Day weekend 2021 are for off-the-beaten-path locations that are 50-300 miles from travelers’ homes. However, travel […]
Bringing Back Balance Transfers
Credit card balance transfers have long been a great method for consumers to reduce costs on interest, but like everything else in our lives, the coronavirus pandemic greatly changed things. During the early months of the pandemic, financial institutions and card issuers pulled balance transfer credit cards from the market. Now, various offers are making […]
Holiday Payment Trends Credit Unions Can’t Ignore
Black Friday and Cyber Monday have come and gone, and there’s not much time left for holiday shoppers to buy gifts for their family and friends. With that said, this year’s holiday shopping season has been very different due to the global pandemic, and the way consumers are shopping and when has changed. According to a […]