Credit cards in the US is set to continue to see robust growth by all measures in 2023. While inflation in the country has generally been at lower levels than in the extreme outlier year of 2022, prices have still grown considerably, and some US consumers have been forced to rely on credit cards in order to help them make ends meet at the end of the month. Inflationary pressures are particularly concerning for those on lower incomes, whose wages have been less likely to grow, and consumers have...
Euromonitor International's Credit Card Transactions in USA report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Credit Card Transactions, Personal Credit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Credit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Credit Cards in the US
Euromonitor International
December 2023
List Of Contents And Tables
CREDIT CARDS IN THE US
KEY DATA FINDINGS
2023 DEVELOPMENTS
Inflationary environment a contributory factor to growth for credit cards
Federal Reserve raises interest rates, taming inflation but forcing credit rates higher
Apple explores ways to enter BNPL and savings
PROSPECTS AND OPPORTUNITIES
With education lending relief ending, debts likely to make their way onto credit cards
The proliferation of BNPL will bring competition, but be dwarfed by credit card use
Credit Card Competition Act continues to hang over the future of credit cards
CATEGORY DATA
Table 1 Credit Cards: Number of Cards in Circulation 2018-2023
Table 2 Credit Cards Transactions 2018-2023
Table 3 Credit Cards in Circulation: % Growth 2018-2023