Come rain, sleet or snow, consumers are being swamped with credit card applications and balance transfer offers these days as the mailman brings the most teasers and solicitations from issuers since the start of the recession back in December 2007.
As observed by Moshe Orenbuch for Barron’s online, “Mail volume is an important measure of the competitive landscape. We believe that the operating environment faced by credit-card issuers is one of the most competitive in the history of the business.”
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