$160.3bn
$XX.Xbn
60,797
83
$X.Xbn
Credit card issuers generate revenue from cardholders primarily through fees and interest earned on revolving credit. Companies compete by offering customers lower interest rates, flexible and secure payment options and rewards programs based on spending levels.
Industry revenue has declined at a CAGR of 2.3 % over the past five years, to reach an estimated $160.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
American Express Co | 22,579.7 | 2,685.9 | 11.9 | |
Capital one financial corp | 16,646.6 | 1,698.7 | 10.2 | |
Synchrony Financial | 15,434.4 | 1,970.0 | 12.8 |
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Industry revenue is measured across several distinct product and services lines, including Cardholder fees, Interchange fees and Interest income. Cardholder fees is the largest segment of the Credit Card Issuing in the US.
Merchants are fighting back against credit processing fees
The Credit Card Issuing 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 Inc. (Visa), MasterCard Incorporated (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.
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NAICS 52221 - Credit Card Issuing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Payment types that don’t charge interest are popular alternatives in the payment market. Consumers are drawn by the price competitiveness of interest-free options.
Learn about the performance of the top companies in the industry.
Banks can cross-sell their credit cards with loan packages. People applying for car and home loans can also access cards with reduced lending rates.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulations for credit card issuers are reducing revenue-generating segments, including intercharge fees. Credit card issuers are bringing on more employees to stay in compli...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Interest rate hikes have driven interest expenses, which are a key cost for banks and other issuers. Higher interest expenses have buffeted profit.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Credit Card Issuing in the US industry in United States is $160.3bn in 2024.
There are 83 businesses in the Credit Card Issuing in the US industry in United States, which has declined at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Credit Card Issuing in the US industry in United States has been declining at a CAGR of 2.3 % between 2019 and 2024.
Over the next five years, the Credit Card Issuing in the US industry in United States is expected to grow.
The biggest companies operating in the Credit Card Issuing market in United States are American Express Co, Capital one financial corp and Synchrony Financial
Providing credit through credit cards and are part of the Credit Card Issuing in the US industry.
The company holding the most market share in United States is American Express Co.
The level of competition is high and increasing in the Credit Card Issuing in the US industry in United States.