Contact Press: Christine Coombes | Public Relations Executive | 312-628-7946 | ccoombes@mintel.com

Press Mentions

Credit card interest rates rise to 15.02%

Oct. 3, 2013

According to new data from the market research firm Mintel Comperemedia, the competition for new cardholders is getting fierce. Issuers mailed 363 million card offers to consumers' homes in August, according to Mintel research -- which is more than twice the number of offers they mailed during the same time last year.

Source: Yahoo! Finance
 

20M homes fear they'll never live debt free

Oct. 3, 2013

Credit has become so essential to survival that 20 million American households do not expect to ever live debt-free, according to a new survey by consumer research firm Mintel.

Source: The New York Post
 

Rate survey: credit card interest rates rise to 14.99 percent

Oct. 3, 2013

The number of credit card offers mailed to consumers' homes, for example, has more than doubled since the summer of 2012, according to research from Mintel Comperemedia, which tracks credit card mailings.

Source: Yahoo! Finance
 

Rates remain flat for 3rd straight week

Oct. 3, 2013

According to fresh data from the market research firm Mintel Comperemedia, for example, issuers mailed 355 million offers in July -- up 8 percent from June.

Source: Creditcards.com
 

Zero worship: credit card firms compete with no-interest transfers

Oct. 3, 2013

One-quarter of all interest-free balance-transfer promotions offered in the second quarter had a duration of 18 months or longer, according to Mintel Group Ltd., a market-research firm.

Source: The Wall Street Journal
 

This week in credit card news

Oct. 3, 2013

According to the research company Mintel, direct mail credit card offers are on the rise, and the perks they come with continue to be attractive.

Source: Forbes
 

Direct mail offers for credit cards are on the rise

Oct. 3, 2013

After dropping off in 2012 from exceptionally high levels in 2011, credit card direct mail solicitations headed higher again this year, up 22 percent through June compared with the same time last year, according to the market research company Mintel.

Source: The Detroit News
 

How to choose the best credit card for you

Oct. 3, 2013

Next time you're shopping for a new credit card, check your mailbox. Direct mail solicitations from creditors are up this year, according to the market research company Mintel. And to entice customers, companies are offering everything from cash back to bonus miles to zero percent balance transfers.

Source: Marketplace
 

Rates remain locked at 14.95%

Oct. 3, 2013

Over the first six months of 2013, for example, issuers mailed 23 percent more credit card offers than they did in the first six months of 2012, according to the market research firm Mintel Comperemedia.

Source: Creditcards.com
 

Credit card interest rates remain at 14.96% for fifth week

Oct. 3, 2013

Twelve percent fewer offers were mailed to consumers' homes in June, according to a research note released July 22 by the financial services firm Credit Suisse, which cited Mintel Comperemedia research.

Source: Creditcards.com
 

Credit card use and weight gain are correlated

Oct. 3, 2013

As the economy rebounds, credit-card solicitations are on the rise with direct-mail pitches increasing by 18.5% in the first quarter of 2013 compared to the previous quarter, according to the Mintel Group.

Source: Mainstreet
 

Downfall of subprime cards spawns opportunity

Oct. 3, 2013

In the first quarter of this year, credit card issuers sent out nearly just 21 million direct mailings for cards that carried fees and offered no rewards, down from nearly 300 million in the first quarter of 2007, according to data from Mintel Comperemedia. By the first quarter of this year, specialized lenders Credit One, First Premier Bank, Continental Finance and Merrick Bank were the only companies using direct mail to market credit cards with fees and no rewards, according to Andrew Davidson, senior vice president at Mintel Comperemedia. Larger firms such as Capital One Financial (COF) were sitting on the sidelines.

Source: American Banker
 

Rate survey: Credit card interest rates remain flat

Oct. 3, 2013

Issuers have stepped up marketing efforts considerably over the past several months, according to the market research firm Mintel Comperemedia. For example, last month issuers mailed 373 million new offers to consumers' homes.

Source: Creditcards.com
 

How to get the most from rewards credit cards

Oct. 3, 2013

Keep an eye out for opportunities to double or even triple your rewards earnings power. Many issuers offer an increased cash-back return rate every quarter in certain categories, typically ones that go with the season, says Lisa Hronek, senior analyst at Mintel Comperemedia. For example, issuers will bump up the rate to 5 percent on summer gas purchases because it's peak driving season. Other issuers will reward travel purchases more during the winter holidays. Sometimes you will need to enroll in these quarterly cash-back specials, so be on the lookout for special mailings or online alerts to register, Hronek says.

Source: Yahoo! Finance
 

Why 0% APR offers might not be good for your credit

Oct. 3, 2013

According to the Mintel Group, direct mail credit card solicitations increased by 18.5% in the first quarter of 2013 from the previous quarter

Source: Fox Business