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 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

  • Consumer Credit in the US

    ... debt, and leading to a generally free lending environment. In the wake of dramatically higher interest rates – by US standards – the US Federal Reserve has been on the offensive since mid-2022. The Fed ... Read More

  • Credit Cards in Romania

    ... instability has led to reduced non-essential spending, with some consumers postponing purchases until economic conditions become more certain, directly affecting credit card usage. Euromonitor International's Credit Card Transactions in Romania report establishes the size and ... Read More

  • Charge Cards in Canada

    ... cards into the realm of traditional credit cards. For the average Canadian desiring a charge card, the options are not severely limited. Euromonitor International's Charge Card Transactions in Canada report establishes the size and structure ... Read More

  • Pre-Paid Cards in Vietnam

    ... showing a negative performance, in sharp contrast to what is seen now. Furthermore, such developments are inclusive and regardless of inflationary pressures. Euromonitor International's Pre-Paid Card Transactions in Vietnam report establishes the size and structure ... Read More

  • Charge Cards in Poland

    ... infrequently utilised and the number in circulation is facing long-term decline . Personal charge cards are now almost niche in Poland where they are considered old-fashioned. Consumers increasingly prefer credit cards which are more convenient ... Read More

  • Consumer Lending in Sweden

    ... August 2022, the annual inflation rate soared to almost 10%, the highest in more than 30 years. With the prices of essential commodities such as electricity, fuel and food continuing to rise, as well as ... Read More

  • Financial Cards and Payments in Canada

    ... rapidly. However, the surge has been fuelled by the inflation surges of 2022 and 2023. Nonetheless, cash transactions both personal and commercial will fall steeply throughout the forecast period, marking a sharp decline for the ... Read More

  • Financial Cards and Payments in Romania

    ... a significant grey economy, and a widespread preference for cash transactions by both consumers and businesses. The prevalence of PoS terminals among merchants in Romania is below the EU average, further limiting the widespread adoption ... Read More

  • Financial Cards and Payments in Hong Kong, China

    ... This is mainly being driven by overseas consumption due to revenge travel after borders reopened in the fourth quarter of 2022. Credit cards remain as a top-of-mind payment option for local consumers. Euromonitor International's Financial ... Read More

  • Financial Cards and Payments in Taiwan

    ... wallets, which have emerged as significant tools driving credit card and direct debit transactions. E-commerce and online food delivery have stood out as major spending categories within credit cards. Notably, the older generations have shifted ... Read More

  • Financial Cards and Payments in Turkey

    ... known as OVpay. Since the start of 2023, travellers on public transport have the option to use their debit, credit, or charge card, as well as mobile devices for making payments. Euromonitor International's Financial Cards ... Read More

  • Consumer Credit in Singapore

    ... of travel and tourism activities in numerous countries across the Asia Pacific region has led to a rapid upsurge in travel expenditure, consequently driving the overall expansion of card lending as well as consumer credit ... Read More

  • Consumer Credit in Egypt

    ... banks, over 280,000 agents, and a user base exceeding 49 million. MnT Halan claimed the fourth position, focusing primarily on small and micro businesses, and showcasing approximately 1.5 million monthly active users and over 2.5 ... Read More

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