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Stock impact report

The Sneaky Reason Some Credit Cards Are Metal [Yahoo! Finance]

CompoSecure, Inc. Class A (CMPO) 
Company Research Source: Yahoo! Finance
But as they evolved and became more common, credit cards lost their significance as a status symbol, leaving card issuers and banks looking to evolve again. Their answer was metal or titanium credit cards that offered a more luxurious feel for the user. Today, most major banks from Bank of America to Citibank — some of the credit card companies upper-class people trust the most — all provide a metal credit card for their premium credit products, which usually also offer the best perks. Even the American Express Platinum, the card with the second most expensive annual credit card fee , offers a stainless steel card. However, according to Money.com , these types of cards can also trick consumers into using them more often. According to James Sufrin, an executive for IDEMIA who was interviewed by Money.com , banks create premium-feeling metal cards so that consumers are enticed to choose their metal card during checkout. Their goal is to become an individual's "top of wallet" card, or Show less Read more
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