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The 5 expected impacts of COVID-19 on credit card providers and how you can mitigate them.

The COVID-19 pandemic is reshaping the banking industry on a scale that was unimaginable just a few months ago. These changes could not have been anticipated, but it is important to ask what impact they might have on the future of the banking industry and the credit card market.

In this article, Senior Consultant, Barnabas Guyatt, reviews the 5 most significant changes expected to impact the credit card market, which include:

 

  1. The offline exodus
  2. Youth in the red
  3. Approval being key for new business
  4. Rising costs for balance transfers
  5. The debt ceiling rise

 

Article: 6 min read

The 5 expected impacts of COVID-19 on credit card providers and how you can mitigate them.
Read the article

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