Consumer Credit: Precipitous Drop in Credit Card Offers

Includes: AXP, BAC, COF, DFS, MA, NCC, V
by: Paul Kedrosky

The latest Mintel data on credit card direct mail offers to consumers showing Q3 of this year against the preceding few years. The drop is ... precipitous, from 2.1 billion a quarter in 2006 to 391 million in the most recent quarter.