Stacking the Cards

“As American consumers become more economically stratified, the business of issuing credit cards to the rich has turned into big-game hunting for banks. The richest 10% of US households—those making roughly $250,000 or more—now account for almost half the country’s consumer purchases.” That’s one big reason why credit card companies are targeting big spenders in the perk war of 2025. Amanda Mull in Bloomberg (Gift Article): Inside the Credit Card Battle to Win America’s Richest Shoppers.