Looks like there is a lot going on in the credit card space these days. The industry is looking to raise rates and the subprime market is growing.
Apple Pay had a good year in 2016 and I’m not surprised. I started using it in 2016 and try to use whenever I can. The growth came from in-app, online and in-store point of sale.
That new Citi Costco credit card I got last year is really paying off well for Citigroup. There Q4 earnings release is showing good growth because of there takeover of the Costco credit card partnership.
There’s a lot of other interesting news on the credit card front in this article on www.forbes.com.