Why Promote Credit Cards and Credit Card Services?

The demand for consumer-friendly secured credit cards has reached its zenith as has the sale of credit cards buoyed by the dramatic rise in the percentage of Americans who use credit cards as their sole payment method or to finance purchases. More than half of all credit cardholders use their cards for everyday purchases.

According to a fall 2018 research conducted by the Pew Research Center, around 46% of working adults don’t carry much cash and about 3 out of 10 U.S. adults are more likely to use credit or debit cards rather than cash to purchase items or pay bills. An estimated 1.06 billion credit cards are functional at the moment in the USA and small-business credit card purchase volume is projected to skyrocket from $493 billion in 2017 to $686 billion in 2022. Apple Pay has over 380 million users internationally and has become the most popular digital mode of payment in the USA making cash payments nigh obscure.

With such soaring demands and substantial scope for securing a steady source of income through the plethora of niches and sub-niches that the credit card vertical has to offer, credit card affiliate programs have become the most sought after affiliate programs among both professional and amateur affiliate marketer.

Credit Card Affiliate Programs – Are You The Right Fit?

The credit card affiliate vertical, although competitive, is highly rewarding if and when approached with the utmost dedication and conviction as this vertical extends a gamut of niches and sub-niches to financial or business bloggers, experienced banking professionals, and credit card experts looking to earn sizeable payouts on the side or even as a long-time steady mode of income.

To maximize the revenue opportunities, familiarity with financial services and products is as important as any form of financial marketing experience since familiarity with credit cards, debit cards, master cards, credit card service, current interest rates, and financial laws assists in building trust between the affiliate marketer and the earmarked end-user.

Thus commerce or economics graduates with a flair for banking services or anyone with a financial and/or banking blog or website will find the credit card affiliate vertical to be tailor-made for them. In case you are already blessed with useful financial acumen and offer banking or credit advice on your blog or website then you will find this one right up your alley.

How to Promote Credit Cards and Credit Reward Programs?

To start with, you need to pick a ‘niche’ for the cards to promote and then join the best credit card affiliate program for the selected niche to get a unique affiliate link including a unique affiliate ID. Share the affiliate link via social media channels such as Twitter, Facebook, YouTube videos, financial blogs, credit websites, or landing pages among others. You will earn variable affiliate commissions when a purchase is made via your affiliate link.

As a credit card affiliate marketer, the crux of your responsibility lies in custom designing your approach to appeal to a narrow pool of potential buyers, highlighting to them the USPs of your product or service, providing ample impetus for your niche, and explaining to clients its benefits over its nearest competitors.

You should also conduct meticulous research into your selected niche as an uncluttered understanding of the target audience’s requirements based on audience assessments will help you to develop a palpable picture of your designated demographics – people or organizations interested in your chosen niche product or service.

To boost sales and consequently your commissions, gather such vital information as customer motivations, pain points, desires, and buying patterns among others that will aid you to determine the ideal approach to effectively market your cards or services to intended clients.

Competitor research is indispensable as it gives you an idea of the competing alternatives available to your buying pool and enables you to improve your sales pitch by highlighting the advantages of your affiliate program over others.

Most ‘merchants’ (the industry term for ‘retailers’, ‘advertisers’, or ‘brands’) choose to work with social influencers in their respective niches. Influencers tend to have an honest relationship with their followers which allows them to effectively get their audience to trust a particular affiliate program and convince them to use affiliate credit cards, credit card related services or credit card performance marketing experts.

Top Financial Bloggers And Websites You Can Find A Lot Of Inspiration From

Even though this vertical is significantly rewarding, the cutthroat competition in the credit card vertical dictates that a credit card affiliate marketer is not only up to date with the latest financial and economic developments but also thoroughly educated in the finer details of credit card affiliate marketing. Thus, it is imperative to follow and learn from the most reliable financial websites and most competent financial bloggers on the internet.

Beverly Harzog is a nationally acclaimed credit card expert and consumer advocate. Beverly, also an author, offers resourceful insights and credible financial advice that will help you reach out to your target audience in an organized manner.

Business Insider is the go-to blog for insider business tips and tricks along with the latest economic and business news. For trustworthy credit card or master card review and novel ideas on resourceful credit card operation, you can visit the exceptional personal finance website- The Simple Dollar. The site contains an abundance of blogs encompassing almost everything from sound consumer advice to personal financial tips on savings and credit management.

Frequently Asked Questions About Credit Card Affiliate Programs