Experian Provides Insight Into Credit Card Trends of the Top 20 Major Metropolitan Areas

by Mercator Advisory Group 0

Interesting findings from our friends at Experian regarding credit cardownership and balances in major US MSAs. Of particular note, “consumersare opening 26 percent fewer credit cards than they were three yearsago.” This could be a warning for retailers and payment processors thatsame store sales and transaction volumes could remain flat until personalincomes and employment continue their slow recovery.

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text of the announcement:

http://www.prnewswire.com/news-releases/experian-provides-insight-into-credit-card-trends-of-the-top-20-major-metropolitan-areas-100257154.html