American Banker: For cash-back cards, inflation cuts both ways

July 14, 2022
Less than a minute

New York (American Banker) — American Banker discusses how credit card issuers will have to strike a delicate balance when offering cash back on spending categories where rising prices could cause their reward costs to rise. 

Competition at the lower end of mainstream card lending will also be fierce if inflation continues”, said Andrew Davidson, senior vice president and chief insights officer at Mintel, which tracks payments marketing trends.


Read the article on

Mintel News

For the latest in consumer and industry news, top trends and market perspectives, stay tuned to Mintel News featuring commentary from Mintel’s team of global category analysts.

More from Mintel
  • US Credit Card Benefits Markey Report 2022
    Check out Usage rates of security/insurance benefits offered by credit cards and attitudes toward credit cards and credit card benefits....
  • Mintel Leap
    Mintel Leap is a revolutionary new AI-powered platform that will transform your research process....
    Book a demo
Subscribe to Mintel Spotlight
Related articles

Download the Latest Market Intelligence