2016 was the year of credit card rewards and perks. So what does that mean 2017 will bring us?
- “Bread-and-butter rewards”: This means rewards like cash back and others aimed at aiding the middle class, rather than hotel and airline perks like 2016 saw.
- Higher interest rates: Interest rates are expected to raise by three-quarters of a percent this year.
- Larger subprime market: 2016 saw the highest amount of credit card holding by subprime credit score users since 2010. It appears this next year is only going to see that number rise further.
- Transactions will be become smoother: Due to credit card usage via phones and computers as well as credit card chips, card usage will only continue to become easier.
Image via The Good Shopping Guide.