A CASE STUDY On Credit Card History

Jun 18th, 2015
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In the mid 1980s, the credit card business provided significant profits for the retail banking industry in the United Kingdom (U.K) the bulk of these profits came from two sources interest charged to card holders on unpaid balances and fees paid by the retailers that honoured the cards. Mr peter Ellwood, chief executive of Barclaycard, the credit card of Barclays Bank, said, “ I think it is quite possible the pricing of credit cards in the U.K may well have to change, and this may indeed mean that some form of charge may have to be introduced within the next year or so” CREDIT CARDS A credit card is a plastic card issued by a retail bank ( called an issuing bank) to a customer (card holder) whenever a card holder obtains a cash advance the issuing bank always charging interest even when the previous balance has been fully paid , the issuing banks are free to set the term of the card each bank sets a credit limit for each of its cash holder as well as the rate of interest for all outsta

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Pricing for profit The U.K Credit Card Industry in the late 1980s (A)Introduction:In the mid 1980s, the credit card business provided significant profits for the retail banking industry in the United Kingdom (U.K) the bulk of these profits came from two sources interest charged to card holders on unpaid balances and fees paid by the retailers that honoured the cards.Mr peter Ellwood, chief executive of Barclaycard, the credit card of Barclays Bank, said, I think it is quite possible the pricing of credit cards in the U.K may well have to change, and this may indeed mean that some form of charge may have to be introduced within the next year or soCREDIT CARDSA credit card is a plastic card issued by a retail bank ( called an issuing bank) to a customer (card holder) whenever a card holder obtains a cash advance the issuing bank always charging interest even when the previous balance has been fully paid , the issuing banks are free to set the term of the card each bank sets a credit limit for each of its cash holder as well as the rate of interest for all outstanding balan

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