Anna Maria Andriotis

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3,396 appearances 52 recordings 1 series first heard Jul 2017 last heard Dec 2022

Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Why Banks Are Sending Out More Credit-Card Offers · 19 Nov 2021 podcast

These are people with good credit scores who are likely to pay their bills, at least their minimum required payment of their credit card bills, but who issuers hope will carry balances from month to month. matched

So credit card solicitations are back above pre-pandemic levels. matched

In the third quarter of this year, 940 million mailed credit card solicitations went out. matched

So in addition to that, issuers are making cash back offers and other rewards more generous. matched

That includes increasing the, on average, the cash back amount that is being given out on credit cards has gone up and so have the miles or points. matched

that are being given to cardholders for each dollar that they spend, that they charge to their cards. matched

So another change that's happening is that some credit card issuers are rolling out new credit cards or making changes to their existing ones matched

to appeal to a broader set of consumers. matched

One very clear example of this is a recent announcement by Capital One, which has launched a premium rewards credit card, which comes with access to the bank's first airport lounge. matched

Now, Capital One is known mostly matched

for subprime credit cards as well as travel rewards credit cards with modest annual fees this new card that the bank has launched has a 395 a year annual fee and is really geared at a different type of set of consumers than those that its prior cards have really been targeted at matched

people who spend more money, who are more affluent, who travel a whole lot. matched

On the other end of the spectrum, American Express, which has been well known for its premium credit cards targeting people who spend a lot of money, who travel a lot, recently added a Walmart benefit to its Platinum card. matched

So this card has a $695 annual fee and has been associated with more high-end experiences. matched

It recently, as part of several changes the company made to the card, added a Walmart benefit to it. matched

So banks are basically venturing in new directions to appeal to a broader set of consumers. matched

So certainly it's a very good thing when consumers pay down their credit card debt. matched

It means that they are less likely to be dealing with interest charges. matched

They are less likely to fall behind on their bills, which could damage their credit reports and their credit scores. matched

So from the consumer standpoint, this is all a very good development. matched

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