U.S. Secured Credit Cards Market Forecast, 2017-2021: A Credible Product with a Dark Past
|出版商||Mercator Advisory Group, Inc.||商品編碼||714009|
|出版日期||內容資訊||英文 18 Pages, 9 Exhibits
|美國的抵押信用卡市場分析、預測:有可靠性的金融商品的再生 U.S. Secured Credit Cards Market Forecast, 2017-2021: A Credible Product with a Dark Past|
|出版日期: 2018年09月28日||內容資訊: 英文 18 Pages, 9 Exhibits||
Secured credit cards, a product tainted by opportunistic marketers before the turn of the 21st century benefited from transparency and disclosure requirements mandated by the Credit Card Accountability Responsibility and Disclosures Act of 2009 (CARD Act). Today, top credit card issuing banks, specialty nonprime issuers, and credit unions serve the market with fair interest rates and payment terms. Prospective cardholders can qualify for the product at institutions including Bank of America, Citi, Discover, Green Dot, US Bank, and USAA for deposit balances well under $500.
Mercator Advisory Group's latest research reporte, U.S. Secured Credit Cards Market Forecast, 2017-2021: A Credible Product with a Dark Past, provides a view of this market of 5 million cardholders and gives a detailed view of the issuing landscape.
"Secured cards used to represent the dark side of the credit card business, with gouging fees and deceptive 900-carrier billing numbers," comments Brian Riley, Director, Credit Advisory at Mercator Advisory Group, and the author of the research report. "Since the CARD Act cleaned up deceptive practices and unconscionable lenders, secured cards offer a mutually beneficial proposition for issuers and credit-impaired consumers. Issuers can increase their interest and non-interest revenue and also nurture pathways to other products. Consumers who either are recovering from a household financial crisis or do not have established credit have the opportunity to be included in mainstream financial services."
Companies mentioned in this research report include: American Express, Bank of America, Barclays, Capital Bank, Capital One, Chase, Chevron Credit Union, Citi, Digital Credit Union, Discover, FICO, First Progress, Fiserv, General Electric Credit Union, Green Dot, Mastercard, Merrick Bank, Navy Federal Credit Union, NIH Credit Union, Open Sky, Synovus, US Bank, USAA, and Visa.