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Credit Card Issuing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Credit Card Issuing Market Research Report | NAICS 52221 | Apr 2016

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

IBISWorld’s Credit Card Issuing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$93bn
Annual Growth 11-16
1.1%
Annual Growth 16-21
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Profit
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Employment
63,315
Businesses
177
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... purchase to read more

Industry Report - Industry Investment Chapter

The Credit Card Issuing industry has a low level of capital intensity. For every dollar spent on wages the industry allocates $0.15 toward capital investment. Wages represent 6.3% of revenue and continue to grow as employee quality increases in importance. Before issuing credit cards, customers are subject to a number of background checks, such as credit, income and asset checks. Although many company's employ a standard computerized process to determine one's credit worthiness, for larger accounts card issuers perform this process to consider the individual applications on a case-by-case basis involving a human. Employees must process each application, requiring a large labor force and incurring high wage costs. A large labor force is also needed to service delinquent cardholders... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 feesInterchange feesInterest income
 
Industry Activities
Providing credit through credit cards


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