Banks May Be Wasting Hundreds Of Millions Of Dollars On Metal Credit Cards
Published
Dec 31 2021 at 10:04 PM GMT
Key
Points
Points
- This maker of metal credit cards has more than tripled its revenue in five years to over $260 million.
- They (self-interestedly) argue that consumers move metal cards to top of wallet, and shift their spend onto those cards.
- Behavior by American Express, Chase, and Capital One – using metal on cards, and indeed more and more cards – suggests they believe this is true.
- The CEO of Composecure makes the pitch for metal cards.
- Twenty years ago there was only the Amex Black Card.
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- Published Dec 31, 2021 10:04 PM GMT