Premium Credit Cards: How to Hit a Small, Moving Target

by PaymentsJournal 0

New research from Mercator Advisory Group examines recent product developments in the market for premium credit cards

Boston, MA – April 18, 2016 – Credit card issuers’ interest in mass affluent and high-net-worth cardholders has not waned in the wake of the recession. Indeed, leading premium card issuers have redoubled their efforts to acquire these consumers as a source of high-volume, low-risk credit card spend.

Mercator Advisory Group’s newest report, Premium Credit Cards: How to Hit a Small, Moving Target, updates key statistics on affluent and high-net-worth consumers. It analyzes statistics that are fundamental to card product development in the U.S. market such as market growth, product ownership, and monthly and yearly card spending by cardholder segment. The report also reviews recent developments in the major card networks’ product platforms and provides an update on new features and benefits of leading issuers’ superpremium offerings.

“Growth in the overall number of high-net-worth and mass affluent households has remained modest,” comments Alex Johnson, Director of Mercator Advisory Group’s Credit Advisory Service and author of the report. “The biggest area of growth, in terms of card spend, is occurring in the lowest tier of the mass affluent segment, and this is motivating issuers to invest in the features and rewards of cards targeted at that segment.”

Highlights of the report include:

  • Estimates, trends, and penetration rates in premium credit card spending

  • Tactics that leading issuers have employed to differentiate premium card brands and products

  • An overview of premium product platforms offered at the network level

  • Comparison grids of the features/benefits of the most popular premium card offerings

  • Strategic considerations for premium card issuers

One of the 14 exhibits included in this report:
Average Card Spend

This report contains 27 pages and 14 exhibits.

Companies mentioned in this report include: American Express, Citibank, City National Bank, Discover, Facebook, JPMorgan Chase, MasterCard, and Visa.

Members of Mercator Advisory Group’s Credit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.

For more information and media inquiries, please call Mercator Advisory Group’s main line: (781) 419-1700, send e-mail to

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About Mercator Advisory Group
Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world’s largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal

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