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 Argentina

    ... has gradually waned over time. Early players like Ualá and Mercado Pago, who were pivotal in its development, have shifted their focus away from these cards, emphasising other financial instruments. Moreover, the ongoing challenging economic ... Read More

  • Pre-Paid Cards in Nigeria

    ... transaction value is expected to fall in 2023, as inflation remains very high. There is little awareness of pre-paid cards and most open loop cards are in foreign currency. Closed loop cards dominate, though open ... Read More

  • Store Cards in Sweden

    ... instruments offer greater flexibility. In contrast to credit cards, debit cards and mobile apps such as Swish, which can be used almost anywhere, it is only possible to use store cards in certain retail chains ... Read More

  • Charge Cards in Taiwan

    ... its success lies in the exclusive benefits and privileges offered to cardholders, compensating for the higher annual fee associated with AMEX cards. Many cardholders find the benefits and exclusivity provided by AMEX cards outweigh the ... Read More

  • Financial Cards and Payments in Indonesia

    ... QR code standard developed by Bank Indonesia and Indonesian Payment System Association for cashless payments in Indonesia) and mobile banking has been the major driver of the development of electronic payment in the market. On ... Read More

  • Financial Cards and Payments in Norway

    ... in transaction spend since 2021, following the heavy declines experienced at the height of the COVID-19 pandemic in 2020. Card payments have been boosted by the pent-up demand seen after the pandemic and the digitalization ... Read More

  • Consumer Lending in Saudi Arabia

    ... affected by the pandemic, along with 15% VAT, consumer lending is set to develop further amidst price hikes and global inflation. As such, the surge in prices is contributing to a robust credit development, thereby ... Read More

  • Financial Cards and Payments in Chile

    ... higher among individuals over 60 years of age, those from lower socio-economic backgrounds, and regions outside of the south. However, an ecosystem is developing with different payment methods that could generate a general downward trend ... Read More

  • Consumer Lending in Italy

    ... as high inflation rates, increasing ECB interest rates and high energy prices served to erode consumer confidence, as well as disposable incomes. Euromonitor International's Consumer Lending in Italy report establishes the size and structure of ... Read More

  • Financial Cards and Payments in Denmark

    ... cards. Euromonitor International's Financial Cards and Payments in Denmark 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 ... Read More

  • Pre-Paid Cards in Denmark

    ... 2023, largely driven by rising inflation. With debit cards having significant penetration and the population being highly banked, there is less need for pre-paid cards, except for certain niche consumer groups such as younger children. ... Read More

  • Store Cards in Chile

    ... First, the consumer landscape now offers an array of financial payment solutions, encompassing credit, pre-paid, and debit options. This expanded repertoire offers local consumers greater flexibility, transcending the confines of store-specific purchases. The ensuing surge ... Read More

  • Consumer Credit in Denmark

    ... well, in spite of inflation continuing to rise, though at a slower rate than in 2022. This is expected to lead to moderate growth in gross lending at current prices, though growth is significantly lower ... Read More

  • Pre-Paid Cards in Poland

    ... need by expanding the range of employee benefits. One example is a pre-paid lunch or nutrition card, which can usually be used in various locations and during business trips. Employers typically co-finance meals purchased on ... Read More

  • Credit Cards in Norway

    ... 2022, fuelled by the return to offline retailers and a return to normal post-pandemic lifestyles, with inflation also playing a role by pushing up retail prices on goods and services. In 2023, credit card transaction ... Read More

  • Store Cards in Norway

    ... become increasingly marginalised in Norway and represent less than 1% of all card payments in the country. On balance, store cards are less practical than debit or credit cards and there are more limited ways ... Read More

  • Charge Cards in Morocco

    ... - the core feature of charge cards - is a major incentive for local consumers in the face of increased pressure on purchasing power in 2023. As such, cardholders will not pay more than the ... Read More

  • Charge Cards in Romania

    ... flourishing in other card types, causing a stagnation in their development. The commercial sector dominates the charge card landscape, relying on a business-to-business approach to sustain its position. Small retailers often do not accept charge ... Read More

  • Store Cards in Canada

    ... retail chains. This inherent constriction has manifested in unimpressive growth rates for transactions, value and number of cards in circulation. Euromonitor International's Store Card Transactions in Canada report establishes the size and structure of the ... Read More

  • Credit Cards in Egypt

    ... surge further in the coming period, largely fuelled by the availability of multiple instalment plans offered by various banks and platforms. The Central Bank of Egypt (CBE) reported approximately five million credit cards in circulation ... Read More

  • Credit Cards in Vietnam

    ... 2023, thanks to a growing awareness among consumers about the advantages of credit cards, in terms of enhancing spend levels and facilitating effective financial management at the same time. Euromonitor International's Credit Card Transactions in ... Read More

  • Credit Cards in Turkey

    ... driven by the influx of new consumers entering the banking system and obtaining credit cards as they transition into the job market after graduation. Consequently, the total count of credit cards continues to increase, consistent ... Read More

  • Store Cards in Mexico

    ... (15.1 million) of people aged 18 to 70 mentioned having a department store or self-service store card, amongst other forms of credit. This highlights the significance of store card penetration in Mexican society. Euromonitor International's ... Read More

  • Credit Cards in Poland

    ... closing credit card accounts. This trend can also be linked to the growing popularity of Buy Now Pay Later financial services in Poland. At the end of 2022, BNPL services were available in the majority ... Read More

  • Consumer Lending in Canada

    ... cost of living bears down on Canadians, thanks to inflation and steeper interest rates, credit has become their shelter from the financial storm. TransUnion Canada reports that the first quarter of 2023 saw an impressive ... Read More

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