Credit Cards Market Research Reports & Industry Analysis

A credit card can be used to purchase goods or services based on an agreement between the company issuing the card and the card holder. Companies assign a line of credit to the card holder, based on income and credit scores. The line of credit represents the maximum that the cardholder is allowed to borrow. The cardholder agrees to repay the lender for goods or services purchased on the card, and to make payments over time. In return for these privileges the credit card company charges interest on the balance which the card holder carries. Credit cards are a convenience service offered by a lending company. A credit card allows a limited loan to be made very quickly. Many consumers find carrying credit cards to be more convenient than carrying cash. Credit card companies may offer incentives to card holders, such as points to be redeemed for rewards such as airline tickets or products, or they may offer insurance or warranties on some types of products purchased with a credit card. Consumers who use credit cards may encounter some challenges. Introductory interest rates are normally low, but once the introductory period is over, fees and interest can be much higher. Rates may go up further if a payment is late or the credit card holder misses a payment. There are benefits to merchants who accept credit cards. A credit card transaction is more secure than some other forms of payment, such as a check. However, credit card transactions are subject to a commission, normally a percentage of the transaction total.
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Credit Cards Industry Research & Market Reports

  • Pre-Paid Cards in Israel

    ... their safety and convenience. However, the ongoing Israel-Hamas war, coupled with the reduced availability of airline tickets and resulting high prices, has significantly dampened international travel. This decline in travel has consequently hindered the growth ... Read More

  • Charge Cards in Sweden

    ... contraction at the height of the pandemic. Whilst there was a strong rebound in charge card transactions in 2021 and 2022, this trend quickly dissipated. Only marginal growth was evident in 2023 before charge card ... Read More

  • Financial Cards and Payments in Sweden

    ... has been spearheading changes in mobile payments for some time. Even though inflation declined in 2024, consumers remained under pressure as the costs of living remained high. Consumer confidence also floundered as the economy experienced ... Read More

  • Financial Cards and Payments in Israel

    ... of Apple Pay and Google Pay in 2021. Many consumers now rely on their smartphones for payments, often leaving their physical wallets at home. This shift is driven by the convenience offered by digital wallets, ... Read More

  • Financial Cards and Payments in Romania

    ... rapid growth in recent years with the share of card payments rising year on year. Digital payments are driving the use of card transactions supported by retail e-commerce platforms which have adopted digital payment methods ... Read More

  • Financial Cards and Payments in Hungary

    ... their virtual counterparts, continues to grow, driven by a rich array of smartphone applications with built-in payments, and other smart solutions (e.g., QR code payments) that make card payments more convenient, fast and versatile. Added ... Read More

  • Consumer Credit in Greece

    ... loans in particular are driving growth, as the market shifts back into a positive direction. Consumers are interested in purchasing products again, and banks are trying (conservatively) to loosen issuing criteria (in some instances) to ... Read More

  • Credit Cards in Romania

    ... a general lack of innovation. Nonetheless, transaction value growth remained relatively steady in 2024. Slowing inflation and rising disposable income has gradually improved the financial stability of consumers helping to boost purchasing power in 2024. ... Read More

  • Credit Cards in Peru

    ... competition from other payment methods, such as debit cards and pre-paid cards, being options which do not incur high interest charges as per credit cards. Indeed, while the economy in Peru is improving, consumers remain ... Read More

  • Credit Cards in Hungary

    ... percentage points above the prevailing base rate of the central bank. However, actual credit card rates are significantly below this maximum. Additionally, the APR on credit cards has been steadily decreasing, currently standing approximately 5ppt ... Read More

  • Consumer Credit in Romania

    ... due to falling inflation although it remained above 5% in 2024, with GDP growth of 3% in the same year. Card lending is often the last resort when Romanians need extra funds due to the ... Read More

  • Charge Cards in Hungary

    ... last products were pulled from the market during 2012 and remain absent. The sales generated by charge cards are also expected to decline, due to the popularity of commercial debit cards over charge cards. This ... Read More

  • Consumer Credit in Colombia

    ... 2023. These results were underpinned by the Central Bank’s decision to steadily reduce interest rates over the course of the year after it had previously tightened monetary policy during the latter part of the review ... Read More

  • Consumer Credit in Peru

    ... improving economy in the country, thanks to greater GDP growth, inflation levels within the target range, and better job prospects. However, the economic recession that Peru experienced in 2023 significantly affected people's ability to pay ... Read More

  • Consumer Credit in Hungary

    ... brought more favourable conditions, including lower interest rates, reduced APR, and an improved financial outlook. This has led to a renewed willingness for consumers to apply for loans. Additionally, delayed purchases and the launch of ... Read More

  • Charge Cards in Romania

    ... and expanding the usage of charge cards due to other more profitable products in their portfolios. Personal charge cards face limited prospects as consumers fail to see a clear advantage over credit cards, and issuers ... Read More

  • Store Cards in Peru

    ... few store cards are still working in some regional stores, being those which are still within their validity period. This switch to credit cards is preferable for consumers, as it enables wider usage of such ... Read More

  • Pre-Paid Cards in Romania

    ... attributed to the remarkable growth observed in open-loop cards, creating opportunities for operators such as Revolut, which continues to see double-digit growth in the number of transactions. Romania is the leading market in central and ... Read More

  • Pre-Paid Cards in Peru

    ... cards, as each of these types of cards has seen significant development in the last two years. Euromonitor International's Pre-Paid Card Transactions in Peru report establishes the size and structure of the market for ATMs ... Read More

  • Consumer Credit in Sweden

    ... the prevalence of home buying in Sweden. Higher mortgage rates in the first half of 2024 were imposed as the policy rate peaked at 4%. Euromonitor International's Consumer Credit in Sweden report establishes the size ... Read More

  • Financial Cards and Payments in Peru

    ... is helping to boost consumption in general, thanks to the growth in national production, with inflation levels within the target range, and the greater possibilities of obtaining work. Little by little, these factors are helping ... Read More

  • Credit Cards in Italy

    ... a substantial reduction in inflation, in that the easing of cost-of-living pressures has bolstered confidence and spending among consumers and made many more willing to borrow to finance purchases. The latter behaviour also reflects a ... Read More

  • Financial Cards and Payments in Italy

    ... continues to be underpinned by the increasing tendency of consumers and businesses to move away from cash in favour of card-based and digital payment methods. This well-established trend has become more pronounced since the pandemic, ... Read More

  • Store Cards in Italy

    ... steadily for over a decade amidst growing consumer migration to other types of financial cards and digital payment solutions that offer greater convenience and flexibility, more attractive loyalty reward programmes, lower interest rates etc. This ... Read More

  • Charge Cards in Italy

    ... With the recent spike in inflation having now largely subsided and other key macroeconomic indicators remaining broadly favourable, increased confidence and spending among consumers and businesses have had a positive influence on the category’s performance. ... Read More

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