FICO Data: Have Premium Cards Lost Their Edge in the UK?

By 4th October 2017Industry News

Are Premium cards becoming harder to distinguish from Standard Classic cards? Is there still a place for them in the market?

Traditionally, Premium* cards (gold and platinum) were perceived as reserved for the lowest-risk, best-quality accounts, and so had higher limits. Spend was thought to be greater, though a larger proportion of full-balance payers made them less profitable than Classic cards.

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