Credit Card Market Scope And Analysis

Report Code : TIPRE00039092
Category : Banking, Financial Services, and Insurance

No. of Pages : 150

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Credit Card Market Analysis, Size, and Growth (2021-2022)

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Credit Card Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 552.73 Billion
Market Size by 2031	US$ 1057.48 Billion
Global CAGR (2023 - 2031)	8.4%
Historical Data	2021-2023
Forecast period	2023-2031
Segments Covered	By Product Type General-Purpose Credit Cards and Specialty Credit Cards By Service Providers Visa Mastercard By Application Food and Groceries Consumer Electronics Health and Pharmacy Restaurants and Bars Media and Entertainment Travel and Tourism
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Bank of America Corporation American Express Citigroup Inc Barclays HSBC Capital One JPMorgan Chase Co Mastercard USAA SBI Cards and Payment Services Limited

The "Credit Card Market Analysis" was carried out based on product type, service providers, application, and geography. On the basis of product type, the market is segmented into general-purpose credit cards and specialty credit cards. Based on service providers, the credit card market is segmented into Visa, Mastercard, and others. Based on application, the market is segmented into food and groceries, consumer electronics, health and pharmacy, restaurants and bars, media and entertainment, travel and tourism, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Credit Card Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the Credit Card Market. A few recent key market developments are listed below:

In August 2023, Citi Global Wealth unveiled the ULTIMA Mastercard credit card, which targeted Citi Private Bank clients across Asia, including Hong Kong and Singapore. Leveraging Citi’s full wealth continuum, the card delivers the best of the bank’s leading credit card franchise to serve better potential and existing ultra-high net worth clients in Asia

[Source: Citi, Company Website]

In July 2021, Bank of America announced the launch of the Bank of America Unlimited Cash Rewards credit card, which allows clients to earn unlimited 1.5% cash back on all purchases. This new credit card is the latest among Bank of America’s suite of rewards cards, each designed to fit a variety of clients’ needs.

[Source: Bank of America, Company Website]

Credit Card Market Report Coverage & Deliverables

The Credit Card Market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Credit Card Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities.
Key future trends.
Detailed PEST & SWOT analysis
Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
Detailed company profiles.