Out of the ashes of the 1991 recession, with its trail of insolvent loans, high chargeoff rates, and low consumer confidence, has come a period of double-digit growth for consumer credit and 25% yearly leaps in credit card receivables.

Industry experts attribute much of the growth to the explosion of credit card cobranding, set off by the launch of the AT&T Universal card in 1990.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.