Credit Cards Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/13/2017
SIC Codes: 6021, 6022, 6141, 6153
NAICS Codes: 522210
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Credit Cards Industry Profile

Companies in this industry issue credit cards used by consumers and businesses to purchase goods and services in return for payment in full or in installments. Major companies include American Express, Capital One Financial, Discover Financial, Alliance Data Systems (all based in the US) as well as Credit Saison and Mitsubishi UFJ Nicos (both of Japan), Style Financial (Scotland), and SHC Management (South Korea). Major retailers, banks, and oil and gas companies also issue credit cards.

There are more than 550 million credit cards in circulation in the US and more than 1 billion worldwide, according to CreditCards.com. Just 10 nations account for more than 80% of global credit card issuing revenues, according to consulting firm McKinsey & Co. The US and Brazil are the largest by revenue, accounting for more than half of global revenue. Other major markets include Japan, Canada, the UK, and South Korea.

The US credit card industry includes more than 1,100 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $85 billion.

Financial transaction processors provide transaction services for companies that issue credit cards and to merchants that accept credit card payments. That industry is discussed in a separate profile.

COMPETITIVE LANDSCAPE

Demand is driven by consumer spending, business investment activity, and interest rates. The profitability of individual companies depends on their ability to collect fees and interest in addition to balancing ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Credit Cards that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options