USAA Provides Best Customer Experience in Credit Card Industry
March 7, 2012 Leave a comment
This post examines the 10 credit card issuers included in the 2012 Temkin Experience Ratings.
USAA is the top rated credit card issuer and the only firm in the industry to receive “good” rating. The next four credit card issuers in the ratings earned “okay” ratings while the bottom five firms —Citigroup, Capital One, HSBC, Bank of America, and Wells Fargo—earned “poor” ratings.
The average ratings for the credit card industry placed it 11th out of 18 industries in the study. Temkin Group also analyzed the changes between 2011 and 2012 and found that the credit card industry has seen little change in its customer experience ratings over the previous year.
US Bank earned the largest increase over last year’s ratings, while four other credit card issuers also improved. Heading in the other direction, Capital One and Citigroup earned the sharpest decreases between 2011 and 2012.
Do you want to see the data? Go to the Temkin Ratings website where you can sort through all of the results for free. You can even purchase the underlying data if you want to get more access.
The bottom line: USAA stands out, but US Bank has made strong gains