Firm reports income from fees credit card issuers charge for late payments, going over credit limits, is lowest since 2009.
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.
Card Knowledge Factory's Robert Hammer sees hike coming in a variety of card management areas.
Robert Hammer at Card Knowledge Factory said three times as much activity in 2012 as in 2011.
The long-cool market for credit union credit card portfolios may flicker to life in 2012, according to a noted card industry analyst.
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.