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Valued Contributor
Posts: 1,702
Registered: ‎08-06-2014

The dominance with credit cards in a bank's backyard. One example.

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I found this interesting:  tonight I was at our church for a book signing and presentation by one of my friends, who is an Episcopal Priest; P-G wrote a wonderful new book.  (I am guessing that I can't name the book without violating the board's policy about promotion?)  During the book signing I sat next to him taking in the money and running cards through my Square account while he was signing books and talking to people.  Roughly 3/4 of the cards were CSP.  There were two additional Chase cards - one Freedom and my CSR.  This is an affluent, leafy suburb of Chicago.  I thought that it was telling how the local bank controls the credit cards in the area.  

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Valued Contributor
Posts: 1,463
Registered: ‎04-28-2016

Re: The dominance with credit cards in a bank's backyard. One example.


driftless wrote:

I found this interesting:  tonight I was at our church for a book signing and presentation by one of my friends, who is an Episcopal Priest; P-G wrote a wonderful new book.  (I am guessing that I can't name the book without violating the board's policy about promotion?)  During the book signing I sat next to him taking in the money and running cards through my Square account while he was signing books and talking to people.  Roughly 3/4 of the cards were CSP.  There were two additional Chase cards - one Freedom and my CSR.  This is an affluent, leafy suburb of Chicago.  I thought that it was telling how the local bank controls the credit cards in the area.  


Card frequency varies enormously geographically. NYC and suburbs are also Chase-heavy. Los Angeles has a lot more WF than the east does.

 

Incomes are a big factor, too. In low-income areas a CSP may be unusual. In high-income areas, Platinums are fairly common.

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Registered: ‎01-31-2016

Re: The dominance with credit cards in a bank's backyard. One example.

Geography is a big player.  In Minneapolis I ran a pizza place in a very nice part of town.  When I saw actual credit cards and not debit it was a lot of AMEX ED, BCE and Discover.  The two big banks in the area, USBank and WF I hardly ever saw their credit cards.  Now that I'm in eastern WI with a chase branch I see a lot more Freedom and FU.  The cashier at the mexican restaurant commented on my CSP like he had never seen one before. 

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Valued Contributor
Posts: 1,702
Registered: ‎08-06-2014

Re: The dominance with credit cards in a bank's backyard. One example.

I was just amazed at the number of CSP's.  Excecpt for the speaker, his wife, myself, and our rector, almost all of the attendees were retired.  I didn't think of this datapoint until this morning, not sure what it means, if anything.

 

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Established Member
Posts: 63
Registered: ‎09-15-2017

Re: The dominance with credit cards in a bank's backyard. One example.

Interesting thread, I have the feeling the among big commercial banks Chase wants to be and probably is the best when it comes to credit card products, so I've been wondering how come I don't see everybody using Chase cards here in my area --Miami.

 

I don't take cards from the public but from what I see occasionally I think one of the most usual cards here is Wells Fargo --not very competitive for CCs BTW. I could be a little biased though, that's my debit and oldest credit card, and I recognize them easily.

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Regular Contributor
Posts: 210
Registered: ‎10-04-2016

Re: The dominance with credit cards in a bank's backyard. One example.

Amongst my peers on campus, WF is the most common. At work, I see a lot of USBank debit cards and Citi/AmEx airline cards. When I visit the parentals over breaks I see lots of Chase cards.

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