Overview

Charging ahead: Renewed consumer confidence will stimulate credit card use, enabling growth

IBISWorld’s Credit Card Issuing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The rising popularity of contactless payment methods, such as Apple Pay, will support the industry
  • Federal regulations have directly affected the industry by increasing oversight
  • An improving economy, increased e-commerce and security and higher interest rates will help spur revenue

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    Industry Analysis & Industry Trends

    Credit Card Issuing industry revenue increased over the past five years as consumers increasingly use credit cards as their primary payment method. Positive economic trends have led to a spending rise and, in turn, the volume and value of credit card purchases have continued to climb. Moreover, an increase in online shopping has increased demand. The industry is expected to maintain steady growth in the next five years; however, rising revenue and sustained profit will attract new entrants, which will heighten competition. Competition will also be increased due to cyber security breaches...

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    Industry Report - Industry Products Chapter

    Credit cards issued in the United States are not issued directly by Visa, MasterCard or any other payment-solution organization. These corporations provide the actual payment systems used when payments are made by credit card. Normally, they are jointly owned by member financial institutions, and they offer their payment solutions through these member institutions.

    In essence, the US Credit Card Issuing industry offers a single product: credit cards. These cards differ from one another in regard to credit limits, reward schemes (e.g. frequent-flyer miles, spending points and cash back), interest rates and annual fees. Despite these differences, credit cards are very similar in product offerings. The..

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    Additional Insights for the Credit Card Issuing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Credit Card Issuing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Having an extensive distribution/collection network
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Aggregate household debt and National unemployment rate in the Credit Card Issuing industry impact industry performance..

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    Industry Products

    What is the Credit Card Issuing Industry?

    This industry issues credit cards, providing the funds required to buy goods and services in return for payment on a full balance or installment basis. Credit cards issued in the United States are not issued directly by Visa, MasterCard or any other payment-solution organization. Rather, Visa, MasterCard and other similar corporations provide the actual payment systems used when payments are made by credit card.

    Industry Products
    Cardholder fees
    Interchange fees
    Interest income
    Industry Activities
    Providing credit through credit cards

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Aggregate household debt
  • National unemployment rate
  • Prime rate
  • Households earning more than $100,000
  • Per capita disposable income

  • Current Performance
  • Consumer spending habits
  • Government regulations
  • Rising costs
  • Chart: Revenue Growth

  • Industry Outlook
  • Credit cards go mobile
  • Industry threats
  • Table: Credit Card Issuing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Credit Card Issuing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Debt Collection Agencies
  • Consumers

  • Key Selling Industries
  • Commercial Banking
  • Credit Card Processing & Money Transferring
  • Credit Unions
  • Industrial Banks
  • Investment Banking & Securities Dealing
  • Savings Banks & Thrifts

  • Products & Services
  • Interchange fees
  • Cardholder fees
  • Interest income
  • Chart: Credit Card Issuing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 26 to 60
  • Individuals aged 60 and over
  • Individuals aged 18 to 26
  • Businesses
  • Chart: Major Market Segmentation for the Credit Card Issuing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Other
  • Wages
  • Marketing
  • Rent and Utilities
  • Depreciation
  • Chart: Cost Structure Benchmarking – Sector vs Credit Card Issuing

  • Basis of Competition
  • External competition
  • Internal competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Credit Card Issuing Industry

  • Industry Globalization
    Major Companies
    American Express CompanyJPMorgan Chase & Co.Bank of America Corporation Capital One Financial CorporationCitigroup Inc.Discover Financial Services
  • Table: American Express Company - financial performance
  • Table: JPMorgan Chase & Co. - financial performance
  • Table: Bank of America Corporation - financial performance
  • Table: Capital One Financial Corporation - financial performance
  • Table: Citigroup Inc. - financial performance
  • Table: Discover Financial Services - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Credit Card Issuing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Credit Card Issuing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per Capita Disposable Income (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Charge-Off
  • When a customer is unable to repay a debt, often at the point of six months without repayment, the debt is written off as uncollectible.
  • Interchange Fee
  • Payment made by one bank to another to process credit and debit transactions made on cards from another bank.
  • Loan Loss Provision
  • An expense set aside for bad loans.
  • Revolving Credit
  • Consumer credit line that can be used up to a certain limit or paid down at any time.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Credit Card Issuing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Credit Card Issuing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Credit Card Issuing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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