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Credit Card Profitability

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Credit cards are one of the most ubiquitous consumer financial products in the United States, with more than 75 percent of households owning at least one general purpose credit card in 2019. According to the G.19 Consumer Credit Statistical release, revolving consumer credit, which mainly consists of credit cards and related plans, stood at over one trillion dollars at the end of 2021.

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  • Robert M. Adams & Vitaly M. Bord & Bradley Katcher, 2022. "Credit Card Profitability," FEDS Notes 2022-09-09, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2022-09-09
    DOI: 10.17016/2380-7172.3100
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/credit-card-profitability-20220909.html
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    Cited by:

    1. Conor B. Hamill & Raad Khraishi & Simona Gherghel & Jerrard Lawrence & Salvatore Mercuri & Ramin Okhrati & Greig A. Cowan, 2023. "Agent-based Modelling of Credit Card Promotions," Papers 2311.01901, arXiv.org, revised Nov 2023.

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