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The commoditization in the credit card industry
Essay specific features
Written by:
Lester B
Date added:
July 30, 2015
Level:
University
Grade:
A
No of pages / words:
3 / 675
Was viewed:
5452 times
Rating of current essay:
Essay content:
They provided an additional touch point for stores with consumers, and some actual continuity early on too. But in light of the introduction of more broadly used (and promoted) cards, like VISA, Discover, and MasterCard they have become relics.
One of the many companies in the middle of all this commoditization is the New York, NY-based American Express Company...
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Not many years ago, most credit card offers arriving in your mailbox were barely a notch above other junk mail. Today it is common to receive a couple of offers each week; some with single digit interest rates and/or annual fee waivers. The companies are issuing offers with these mouthwatering interest rates and fees not only to get your attention, but to get your balance...
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