Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

How to Become a Credit Card Product Manager

Career News June 7, 2014

Are you a creative thinker and visionary with an interest in finance and credit? Then, this is the career for you, because it’s all about coming up with solutions and innovating in the business market.

A credit card product manager is a top position within the credit card company, and one that can pay up to $83,000 or more per year, according to the Certified Compensation Professionals organization. This place is a managerial role, and that means that these professionals build and direct product strategies.

The products in this case are the cards, as well as the entire contract and all terms and conditions. The product manager is in charge of investigating the business and developing or improving an existing credit card product.

Factors that Matter

Many factors are considered, such as the demographic; who is going to want this card? In addition, market competition is also considered, as well as price, terms, and long-term profitability for the business. The manager or director, as he or she is sometimes called, may actually manage multiple products or contracts, and is required to produce competitive products. Other duties include managing portfolios, profit and loss, and coming up with business strategies.

You will direct and lead employees under you, and will make it a goal to increase revenue for the business. You take responsibility for the work that your employees do, whether it’s positive or negative. This business rewards independence in thought, since all of the creative and financial aspects will be your efforts. You also delegate the roles and responsibilities of those under you.

Training and Experience Required

Experience is highly preferred by banks and credit card companies, since they want evidence of your efficiency and managerial knowledge. You are required to have creative abilities and experience in developing credit card products, with the intended results successfully completed, documented, and evidenced. You don’t only come up with ideas, but superior systems of action—you ensure that your products live up to the bank’s name, past portfolio, and present business goals.

Since this is a managerial position, it is common to ask for five or more years of related experience with this specific line of business. You will have the capacity to develop products, but will also show the proven ability to lead people. You are required to know the practices associated with the industry, why procedures work, and how to improve state and federal compliance in all products.

Because this is a manager’s job, it is practically assumed that you have a bachelor’s degree, since you learn the basics of management and finance (or economics, or credit, depending on your curriculum) in this coursework. However, companies are just as interested in proven business experience, and will usually hire bachelor’s degree applicants as clerks or officers before testing them with a managerial role.

If you’re just itching to accomplish something greater than what you are currently doing, and want a fast track to a high paying and respected career, then it’s time to prove your value by earning your degree.

Showing schools in your area

Sponsored
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Separate yourself from the pack by completing one of Saint Leo’s highly-rated Business degree programs. Associates, Bachelors, and Graduate degrees in highly sought-after concentrations available!
  • Learn the necessary skills and build the foundation to propel your business career by receiving an education from our faculty members with true real-world experience.
  • Saint Leo University provides academic excellence, flexibility, affordability, and a wide range of educational programs with financial aid and scholarships available to those who qualify.
  • Saint Leo offers a 14:1 Student-Teacher Ratio to ensure you get the personal attention you deserve.
  • Learn on your schedule with our 6 convenient available start dates throughout the year. Get started on earning your accredited Business degree today!
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

Showing schools in your area

Sponsored
5 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Separate yourself from the pack by completing one of Saint Leo’s highly-rated Business degree programs. Associates, Bachelors, and Graduate degrees in highly sought-after concentrations available!
  • Learn the necessary skills and build the foundation to propel your business career by receiving an education from our faculty members with true real-world experience.
  • Saint Leo University provides academic excellence, flexibility, affordability, and a wide range of educational programs with financial aid and scholarships available to those who qualify.
  • Saint Leo offers a 14:1 Student-Teacher Ratio to ensure you get the personal attention you deserve.
  • Learn on your schedule with our 6 convenient available start dates throughout the year. Get started on earning your accredited Business degree today!
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

Login to your account

Can't remember your Password ?

Register for this site!