Credit Cards - UK - September 2013
“Contactless credit cards present an opportunity for providers to encourage customers to use their cards more frequently. Ownership and usage of these cards remains relatively low, however. Going forward, providers can develop the link between the rewards customers receive and contactless technology. This should help to demonstrate that using cards for everyday purchasing can boost the rewards customers receive and that it ‘pays’ to use a credit card like a debit card.”
– Stevan Obradovic, Financial Services Analyst
Some questions answered in this report include:
- To what extent are contactless payments an important feature for credit card holders?
- How many credit card holders receive rewards as part of their account?
- What are the main barriers to credit card ownership?
- How do credit and charge cards stack up against debit cards?
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