Consumer Credit: Precipitous Drop in Credit Card Offers

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.

Comments

[Tony Petroski:]

Most of the shortage are being routed to my mailbox.

Oct 30 03:03 PM

[MattZN:]

Sigh. I used to get enough junk mail to heat the whole house. Now I have to go out and buy firewood.

p.s. author could have offered some funny quip, rumor, or other non-productive comment to brighten up the article!

-Matt

Oct 30 03:15 PM

[market ace:]

CC mail offers are down because CC companies do not need new business as they have found better ways to make more money by screwing existing customers with absurd inrest rate increases, more and higher fees and increased payments.

Oct 30 03:23 PM

[ETFdesk.com:]

Consumers helped propel the U.S.'s economic growth in the third quarter, but unemployment and tight credit are hampering their ability to lead a sustainable recovery -- and it isn't clear what part of the economy can replace them.

www.etfdesk.com/headli...

Oct 30 03:37 PM

[martyg:]

this is good news despite some initial misgivings. credit card companies, in general, deserve to go out of business. they are nothing but registered loan sharks. as hard as it may seem to do, people should wean themselves from credit cards and into debit cards,

if you need impetus, just add up how much you spent on interest and other charges during the year and think what you could do with that extra money.

Oct 31 10:23 AM

[Alan Young:]

Could it be that card issuers have actually gotten religion, and now want customers who are actually credit-worthy, rather than just signing up everyone and their dog? But they be bothered to hire the staff to actually check on applications to see if people actually have jobs (for example), so they have to stop soliciting.
Hallelujah.

Oct 31 12:12 PM