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 Credit in Indonesia

    ... as a result of increased community mobility since the removal of restrictions imposed to limit the spread of COVID-19, as well as promotional activities by players. The end of the year has been a key ... Read More

  • Consumer Credit in Israel

    ... by rising inflation and the increasing cost of living. With consumers directing their financial resources more towards essential needs like fuel, food, and energy, their inclination towards taking up loans decreased. Moreover, government aid during ... Read More

  • Pre-Paid Cards in Canada

    ... wave of innovation from card issues that is redefining the landscape. One of the most notable developments is the debut of bespoke apps, streamlining the once-cumbersome process of card reloads into mere finger taps. Meanwhile, ... Read More

  • Consumer Credit in Thailand

    ... in the service sector, which is key to driving economic growth. In addition, inflation has returned to its target range as a result of an upturn in consumer confidence. Private consumption in the country increased ... Read More

  • Pre-Paid Cards in Hong Kong, China

    ... interest among local residents to explore the mainland during weekends or holidays, Octopus has strategically capitalised on the integration of the Greater Bay Area. To cater for the needs of Hong Kong residents travelling to ... Read More

  • Pre-Paid Cards in Israel

    ... significant value loaded onto their Rav Kav pre-paid cards, the ease of paying for transportation through mobile apps like Moovit, Pango, Cello, and HopOn has been attracting users, particularly in the post-pandemic period. While there ... Read More

  • Consumer Credit in Hungary

    ... bites into monthly budgets, leading to higher expenses for essential goods and services, creating extra demand for various consumer credit products. Due to the strain on households and the difficulty in meeting financial obligations, individuals ... Read More

  • Pre-Paid Cards in Japan

    ... smartphone app versions of pre-paid cards rather than physical cards, due to the convenience of registering a payment type to the app and quickly scanning their device through the gate. Euromonitor International's Pre-Paid Card Transactions ... Read More

  • Consumer Credit in Malaysia

    ... providing flexible repayments and offering longer repayment terms when required. The ongoing economic uncertainty in Malaysia is expected to see more efforts by banks to stimulate personal loans over 2023. However, while some local consumers ... Read More

  • Store Cards in Peru

    ... Mastercard. As a result, prominent department stores have ceased issuing standalone store cards and instead collaborated with these operators. The remaining store cards still in operation are primarily from regional stores or those still within ... Read More

  • Consumer Credit in Saudi Arabia

    ... prominent since the end of pandemic restrictions heralded the revival of travel and tourism. Indeed, many Saudi consumers are travel enthusiasts with yearly travel aspirations, both internationally and exploring developed domestic destinations – many destinations ... Read More

  • Credit Cards in Morocco

    ... among locals for several reasons. The demand for credit cards remains relatively low as Moroccans typically seek financial stability and local culture favours spending only money already in one’s possession. In addition, the application process ... Read More

  • Charge Cards in Argentina

    ... contributing to the decline of this segment. Notably, American Express (AMEX) stands as the solitary player in this fading category, with the company itself not placing significant emphasis on its charge card offerings. Euromonitor International's ... Read More

  • Pre-Paid Cards in Peru

    ... semblance of normalcy. However, in 2023, this growth has moderated, mainly due to a downturn in economic growth, heightened inflation, and decreased income levels stemming from a decline in formal employment opportunities and reduced commercial ... Read More

  • Charge Cards in Egypt

    ... transaction volumes, or market share expected over the forecast period, reflecting a challenging outlook for this category in the Egyptian market. In this unpropitious landscape, American Express stands as the predominant player, maintaining its key ... Read More

  • Store Cards in Denmark

    ... inflation. Store cards have not kept up with technology innovations and this is leading to their decline. Euromonitor International's Store Card Transactions in Denmark report establishes the size and structure of the market for ATMs ... Read More

  • Consumer Lending in Morocco

    ... impacting purchasing power across households. This trend has intensified with rising interest rates and as a result, the demand for consumer lending facilities has become subdued, while repayment trends exhibited longer periods of more than ... Read More

  • Financial Cards and Payments in Argentina

    ... in Argentina has soared to alarming levels. Banks face the obligation of reimbursing merchants for expenses within eight to 10 business days, but often experience delays in receiving these payments. This financing gap necessitates absorbing ... Read More

  • Consumer Credit in Norway

    ... slightly in 2023, but it is still much higher than the 2% target. Interest rates have been raised to a high of 4.25% in September 2023, with further hikes possible, as the government tries to ... Read More

  • Consumer Credit in Morocco

    ... shrunk due to the worst drought in decades, directly affecting the sector’s demand for workers. Unemployment is more acute among young people aged 15 to 24. Meanwhile, among graduates specifically, unemployment averaged 20%, and among ... Read More

  • Credit Cards in Greece

    ... the previous decade, credit cards have found a stable position in the Greek market, albeit at lower levels compared to debit cards. Euromonitor International's Credit Card Transactions in Greece report establishes the size and structure ... Read More

  • Charge Cards in Hong Kong, China

    ... Diners Club are determined to customise their latest offers to better cater for this shrinking client base. Following the reopening of borders, there has been a surge in revenge travel, leading to a significant shift ... Read More

  • Consumer Credit in Turkey

    ... cards when they needed small sums of money. This shift in consumer behaviour can be attributed to the Central Bank's deliberate efforts to sustain consumer demand prior to the government elections by keeping interest rates ... Read More

  • Pre-Paid Cards in Colombia

    ... increased mobility as hybrid work schemes lose traction. Transportation pre-paid cards are offering more digital alternatives for recharging, such as Tullave in Bogota and Cívica in Medellin, which allow users to add balance from e-wallets ... Read More

  • Credit Cards in Taiwan

    ... United Bank with 5.77 million, CITIC Bank with 5.34 million, E Sun Bank with 4.69 million, Taishin Bank with 4.26 million, and Fubon Bank with 3.27 million active cards. Euromonitor International's Credit Card Transactions in ... Read More

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