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

  • 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

  • Global Virtual Credit Cards Market Professional Survey by Types, Applications, and Players, with Regional Growth Rate Analysis and Development Situation, from 2023 to 2028

    ... growth of the Virtual Credit Cards industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Virtual Credit Cards. The report also introduces players ... Read More

  • Consumer Credit in Romania

    ... from non-banking institutions and card lending. The surge in prices and declining disposable incomes, influenced by inflation, has driven the demand for quick credit to cover everyday expenses. Additionally, the outstanding balance in consumer credit ... Read More

  • Pre-Paid Cards in Chile

    ... end of the review period, with both banks and non-bank issuers actively participating in their development. Pre-paid cards offer a captivating area of study, not only due to their rapid expansion but also because of ... Read More

  • Consumer Credit in Nigeria

    ... stabilise the economy, including ending a decades-old petrol subsidy that has seen prices triple and has also ended restrictions on foreign exchange, which has significantly weakened the naira. In addition, in order to stem inflation, ... Read More

  • Credit Cards in Mexico

    ... year. These impressive performances not only underscore a double-digit growth trend for 2023, but also outpace the already commendable performances achieved back in 2019. The robust expansion in credit card usage can be attributed to ... Read More

  • Store Cards in Argentina

    ... shift has compelled store cards to transition into credit cards, with the majority being operated by Mastercard, significantly reducing the number of cards in this segment. Euromonitor International's Store Card Transactions in Argentina report establishes ... Read More

  • Charge Cards in France

    ... which has taken some time to bounce back due to a period of hybrid events mixing online with physical options. However, physical MICE events resumed more strongly from mid-2022 and have accelerated further in 2023. ... Read More

  • Consumer Credit in Taiwan

    ... and digital wallet operators remains relatively minor, the potential for growth in this sector is significant. In 2023, all three pure digital banks have taken the initiative to launch loan and insurance services, marking a ... Read More

  • Credit Cards in Israel

    ... will introduce a new player to the credit market, fostering a more diversified and competitive landscape. The Bank of Israel strongly supports this separation, drawing from previous successful instances such as Bank Hapoalim and Isracard, ... Read More

  • Pre-Paid Cards in Mexico

    ... performance, largely thanks to the rise of e-commerce, and supported by the wide availability of products available in the market. Furthermore, well-known e-commerce brands such as Amazon and Mercado Libre have launched their own pre-paid ... Read More

  • Charge Cards in Greece

    ... activities, and restrictions on travel and dining – vital areas for commercial charge card usage – were the primary contributing factors. However, as the situation returned to normalcy with a relaxation of epidemic measures and ... Read More

  • Credit Cards in Denmark

    ... largely explained by inflation, particularly as the spend on credit cards is usually for more expensive items. It is different for debit cards, where the spend is mainly for everyday smaller purchases, and where consumers ... Read More

  • Consumer Lending in Norway

    ... were boosted by the shift back to normal lifestyles post-pandemic, with credit sought out to fuel travel, new cars and other expenses. There was a steep increase in credit card usage and also an increase ... Read More

  • Financial Cards and Payments in Poland

    ... of payment methods so that the consumer and merchant can choose the most convenient option for them. Despite the decrease in the share of cash transactions made in Poland, cash payments still remain significant. POS ... Read More

  • Financial Cards and Payments in Nigeria

    ... as there was insufficient supply of the newly designed naira. As a result, in March, the Central Bank was forced to extend the timeline to swap its old currency for redesigned notes. This deadline is ... Read More

  • Financial Cards and Payments in Greece

    ... a slower pace, attributed to the positive economic outlook and relative stability after successive crises. Tourism, a significant economic driver, continues to provide momentum to the market. A notable shift from cash to digital and ... Read More

  • Consumer Lending in Turkey

    ... and foreign exchange rates have made consumers more reliant on lending solutions. Consumers are seeking ways to offset the impact of escalating costs. The challenging situation has created greater opportunities for individuals to exploit their ... Read More

  • Consumer Lending in Romania

    ... the Russian invasion of Ukraine has collectively dampened Romanians' enthusiasm for consumer loans in 2023. Meanwhile, the escalating living costs have driven a significant surge in card lending as consumers seek to cover daily expenses, ... Read More

  • Consumer Lending in Singapore

    ... in overall consumer lending, coinciding with the country's ongoing shift towards digitalisation. Euromonitor International's Consumer Lending in Singapore report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit ... Read More

  • Consumer Lending in Vietnam

    ... Circular No. 06/2023/TT-NHNN on 28 June 2023, amending and supplementing certain provisions of Circular No. 39/2016/TT-NHNN, which regulates credit activities of credit institutions and foreign bank branches, regarding additional regulations on loan approval through electronic ... Read More

  • Financial Cards and Payments in Peru

    ... Factors contributing to this caution include the sluggish economic growth, soaring inflation impacting the prices of goods and services, and reduced income due to the challenging job market. The prevailing economic, political, and social instability ... Read More

  • Financial Cards and Payments in Egypt

    ... in new account openings. Government initiatives to boost financial inclusion and reduce cash reliance have significantly benefitted the industry. All governmental entities are now fully digitised, accepting a wide array of card payments and digital ... Read More

  • Credit Cards in Hong Kong, China

    ... of the pandemic. Residents are now showing a strong and sustained interest in reallocating their spending from daily expenses in Hong Kong towards their outbound travel budget. Hong Kong's outbound expenditure is set to recover ... Read More

  • Store Cards in Colombia

    ... including credit or debit cards offering benefits like cashback, many consumers are moving away from store cards as they no longer see their benefits. Additionally, there is a growing trend of merchants and financial institutions ... Read More

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