Credit card companies collect extensive purchase data from customers to pursue competitive strategies. They track customer purchase histories and behaviors to better understand spending patterns and target future promotions. While this data collection allows companies to evaluate customer creditworthiness and purchasing power, it also raises privacy concerns over how much information customers voluntarily share.
Credit card companies collect extensive purchase data from customers to pursue competitive strategies. They track customer purchase histories and behaviors to better understand spending patterns and target future promotions. While this data collection allows companies to evaluate customer creditworthiness and purchasing power, it also raises privacy concerns over how much information customers voluntarily share.
Credit card companies collect extensive purchase data from customers to pursue competitive strategies. They track customer purchase histories and behaviors to better understand spending patterns and target future promotions. While this data collection allows companies to evaluate customer creditworthiness and purchasing power, it also raises privacy concerns over how much information customers voluntarily share.
Collect data every time Customers at a glance Recording and tracking purchases Users behavior -Future promotions -Fraud and theft Track of their records
BENEFITS OF ANALYZING
Purchase information and analysis in
the database Inability to repay debt Evaluate the purchasing power Scope of the money
WHY OR WHY NOT???
Needs to have enough leverage
Prevent from defaulting Defense mechanism Collection of information Right to refuse People who volunteer