Consultant suggests looking at near-prime borrowers for next wave of strong card performance.
According to a credit card industry analyst and consultant, credit cards have returned to being financial institutions’ most profitable loan product.
Net card portfolio revenue is the highest it has been since 2008, according to a credit card analyst.
Regulation, competition and compliance still top concerns, Bob Hammer says as his firm celebrates 25th anniversary.
R.K. Hammer finds pendulum swing in 2011 and 2012, cites declining balances and legislation.
A second credit union has begun offering Visa's Signature Card, a card aimed at affluent, high-dollar spenders.
"Pretty amazing stuff," consultant Robert Hammer says of fee income eclipsing interest on card loans.