Q3 Credit CIF in U.S. Driven Solely by Mastercard
Q3 credit CIF (cards-in-force) continue to grow despite a saturated U.S. market driven by an expanding sub-prime marketplace and the aggressive marketing of high-end rewards cards. Over the past year, the total CIF is up by nearly 21 million, and growing more 300 basis points (bps) over the prior twelve-month period. Mastercard continues to blow…