http://paymentsviews.com/2009/09/15/the-era-of-responsible-credit-card-borrowing-begins-today/ Views and Opinions about the World of Payments Wed, 10 Mar 2010 18:51:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://paymentsviews.com/2009/09/15/the-era-of-responsible-credit-card-borrowing-begins-today/comment-page-1/#comment-4087 Kate Tue, 29 Sep 2009 02:01:23 +0000 http://paymentsviews.com/?p=2440#comment-4087 I find Chase's introduction of Blueprint very interesting. I would definitely consider checking out the feature. Additionally, a very interesting reference to installment loans. I've spent a lot of time in Japan for work dealing wtih Japanese credit card companies. The Japanese have been using installment loans for a long time. For them, the idea of revolving credit is one that is still catching on. I find Chase’s introduction of Blueprint very interesting. I would definitely consider checking out the feature. Additionally, a very interesting reference to installment loans. I’ve spent a lot of time in Japan for work dealing wtih Japanese credit card companies. The Japanese have been using installment loans for a long time. For them, the idea of revolving credit is one that is still catching on.

]]> http://paymentsviews.com/2009/09/15/the-era-of-responsible-credit-card-borrowing-begins-today/comment-page-1/#comment-3977 Randy Pilkenton Tue, 15 Sep 2009 17:26:29 +0000 http://paymentsviews.com/?p=2440#comment-3977 this some innovative thinking on part of product managers at Chase card services ... but part of the innovation seems to me to be using the current negative PR environment to get both some gold stars for giving the consumer more "control" but also further entwine them in the habit of using credit for all purchases. So the card now makes it even EASIER to set up and maintain a revolving balance (at effective interest rates that are typically very high) forever. I don't deny Chase has come out with something innovative but other reports I've read here and elsewhere praising it for addressing the core issue of overreliance of some consumer segments on credit are off-base. this some innovative thinking on part of product managers at Chase card services … but part of the innovation seems to me to be using the current negative PR environment to get both some gold stars for giving the consumer more “control” but also further entwine them in the habit of using credit for all purchases. So the card now makes it even EASIER to set up and maintain a revolving balance (at effective interest rates that are typically very high) forever. I don’t deny Chase has come out with something innovative but other reports I’ve read here and elsewhere praising it for addressing the core issue of overreliance of some consumer segments on credit are off-base.

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