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Recent trends in the profitability of credit card banks

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  • Andrea Meyercord

Abstract

Competition among credit card issuers has increased sharply over the past few years. Despite this trend, the profitability of credit card banks not only remains high relative to the rest of the banking industry but continues to grow. This article examines recent trends in credit card bank profitability and, by looking beyond the aggregate data, uncovers some important differences between credit card banks owned by bank holding companies and those owned by nonbank firms.

Suggested Citation

  • Andrea Meyercord, 1994. "Recent trends in the profitability of credit card banks," Quarterly Review, Federal Reserve Bank of New York, issue Sum, pages 107-111.
  • Handle: RePEc:fip:fednqr:y:1994:i:sum:p:107-111:n:v.19no.2
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    File URL: http://www.newyorkfed.org/research/quarterly_review/1994v19/v19n2article7.pdf
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    References listed on IDEAS

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    1. Glenn B. Canner & Charles A. Luckett, 1992. "Developments in the pricing of credit card services," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Sep, pages 652-666.
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    Cited by:

    1. Barry Scholnick, 2000. "Regulation, Competition and Risk in the Market for Credit Cards," Canadian Public Policy, University of Toronto Press, vol. 26(2), pages 171-181, June.
    2. Ayadi, O. Felix, 1997. "Adverse selection, search costs and sticky credit card rates," Financial Services Review, Elsevier, vol. 6(1), pages 53-67.

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