12/14/2022 0 Comments Mercury credit card login![]() ![]() While Bank of America serves prime credit customers for Spirit’s co-branded credit cards, Mercury will now target a group of customers that the larger bank avoided. Part of Mercury’s growth plan comes via co-branded cards, such as the agreement it struck with low-cost airline Spirit Airlines in February. “In the next couple of years, we'd like to double our growth,” she said. Vicente touted Mercury’s low exit rates, noting that it commits to making payments easy for customers looking to rebuild their credit, even allowing debit cards for payment. The company has about 600,000 current cardholders and experienced about 50% growth over the past year as many consumers turned to credit cards to buy goods online or pay bills. Mercury has seen 50% customer growth over the past year, which could lead to additional job growth in Wilmington. “We're also looking at people who have secured cards who are looking for other forms of credit to help supplement what they have.” “Good behavior on their other credit lines shows you that they're really making an effort to move their cards forward,” she said. MERCURY CREDIT CARD LOGIN SOFTWAREVicente said that Mercury’s proprietary software assesses applicants on a variety of factors, including employment and recent payment history despite previous troubles. It also offers 1% cash back rewards on purchases, another feature common to many cards nowadays but rarely to Mercury’s targeted demographic. ![]() “Life happens, and what we've understood from our customers is that a number of the setbacks are really caused by life events, like losing a job, which has been especially prevalent during COVID, or having a sickness in the family that caused very high medical bills.” Mercury’s offerings have no annual fees, security deposit requirements, or fraud liability, a departure from many industry norms for those under top credit levels. They have a very hard time getting approved for credit from other bigger players,” she said. “We're talking about those people who have actually had a financial setback. As part of its renewed focus under CEO James "Jim" Peterson, who took the helm in late 2019, Mercury is targeting its offerings at those with credit scores between 600 and 700, or just under “prime” levels, among other factors, Vicente said. So, given the strength of our brand and how far we've grown it, we decided that we wanted to use the Mercury name to reinforce our products in the marketplace,” Sisy Vicente, the company’s product and marketing officer, told Delaware Business Times. “As we did the research behind the CreditShop name, it wasn't quite as inspiring as we wanted it to be. For Mercury, the 8-year-old company with operations split between Wilmington and Austin, Texas, the new name comes from its flagship product, the Mercury Mastercard, launched in 2017. WILMINGTON – CreditShop, the nation’s largest non-bank credit card company, has rebranded to Mercury Financial as the small company eyes increasing its market share among so-called “near-prime” customers. ![]() It's experiencing explosive growth in targeting "near-prime" credit customers. Mercury Financial is the largest non-bank credit card company. ![]()
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