Increases Activation, Usage And Revolve
Higher activation rates
Product specifically designed for revolvers
Higher revolve rate, balances and spend velocity
Customers who sign up plan to revolve
Attracts occasional/accidental revolvers also, giving them the ability to control and choose their interest
charge savings benefit
Higher payments open credit lines and increase spend velocity
Easily understood and accepted by customers
Aligned with current minimum payment regulatory environment
Lower lapse rates
Balances stick - Paymentflex® becomes the #1 card in their wallet
Live selling boosts activation, reactivation, retention, etc.
Creates cross-sell and product upgrade opportunities