"Don't get caught up in the consolidations," veteran credit card executive Ronald N. Zebeck told an industry conference this week.

The president and chief executive officer of Metris Cos., a spinoff of Fingerhut Corp., manages a $3 billion portfolio that was dwarfed by industry giants such as Citicorp and Banc One Corp. even before their recent and pending mergers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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