Great to see this type of story.
Americans are paying down their credit-card debt at levels not seen in years. That is good news for everyone but credit-card issuers.
Large card issuers that cater to borrowers ranging from the affluent to the subprime say that overall card balances—and thus the firms’ interest income—are falling. To make up for it, issuers are spending more on marketing and loosening their underwriting standards.