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Synchrony CEO Margaret Keane On The Mindset Of American Consumers

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Regular Contributor

Synchrony CEO Margaret Keane On The Mindset Of American Consumers

 

https://time.com/5858083/synchrony-ceo-margaret-keane-economy-racism/

 

 


Moving away from big banks and building my credit union relationships
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Mega Contributor

Re: Synchrony CEO Margaret Keane On The Mindset Of American Consumers


@rgninja wrote:

 

https://time.com/5858083/synchrony-ceo-margaret-keane-economy-racism/

 

 


Interesting read ...

 

#CreditKillers

"It's true hard work never killed anybody, but I figure, why take the chance?"
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Moderator

Re: Synchrony CEO Margaret Keane On The Mindset Of American Consumers

Wow, very informative article though I think they need to diversify into bankcards of their own to survive in the long run, stores are going bye bye at a record rate.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

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- Rhonda Byrne

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Re: Synchrony CEO Margaret Keane On The Mindset Of American Consumers


@gdale6 wrote:

Wow, very informative article though I think they need to diversify into bankcards of their own to survive in the long run, stores are going bye bye at a record rate.


They did.. (sort of) with the Synch branded 2% MC. IIRC it's invite only though so they seem to be trying to keep apps to a certain limit and criteria. Synch could try to enter the travel card market, but with Amex, Citi, Chase, USBank, BoA, etc. already deep into these things, it would be an uphill battle trying to build a product and rewards network that would take over these swipes and also be profitable. Cap One still has a lot of work to do on Venture if they want it to take a portion of this spend from Chase and Amex.

 

Interesting read indeed! I wonder what Jamie Dimond's answers would be to the same questions...

Amex PRG (NPSL), Amex Blue Cash ($24K), Amex Simply Cash+ ($4K), Amex Business Cash ($22.5K), Discover ($22.7K), Cap 1 Union Plus MC ($2500), Chase FU Visa Sig ($12K), Chase F Visa Sig ($8.3K), Chase CSP Visa Sig($6.5K), FCB/Elan Rewards Visa Sig($15K), Buckle ($1.3K), BofA AAA Rewards ($84.5K), Paypal credit ($10K), BBVA Clearpoints ($7.5K), Cap 1 Savor ($10K), PenFed PCR ($3500), Bank of the West CB MC ($3K)
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Re: Synchrony CEO Margaret Keane On The Mindset Of American Consumers

Very interesting read 🤔! Thanks for sharing!
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