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.
...Show More ...Show Less


Credit Cards Industry Research & Market Reports

  • Charge Cards in Norway

    ... of card payment transactions with little room for charge cards solutions. Charge cards are considered less flexible than credit cards and issuers/operators, with less well-known brands compared to the leading banks, which are household names ... Read More

  • Credit Cards in France

    ... As such, credit difficulties also affect the performance of credit cards. Euromonitor International's Credit Card Transactions in France report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit ... Read More

  • Charge Cards in Indonesia

    ... of normal social and economic activity in the wake of the COVID-19 crisis, with the lifting of pandemic related restrictions leading to an increase in people’s mobility and confidence. The development of charge cards is ... Read More

  • Credit Cards in Indonesia

    ... card spending has recovered across categories. Holidays and the end of the year are the main drivers for increasing transaction value. Banking is very focused on offering various attractive promotions and promotions for homecoming tickets ... Read More

  • Credit Cards in Colombia

    ... compared to the previous year. The value of transactions, particularly for personal credit cards, is anticipated to decline as Colombians become more cautious. Household consumption is expected to barely grow in 2023, with an increase ... Read More

  • Credit Cards in Nigeria

    ... net-worth individuals owning credit cards. Also, due to the instability of the naira, many credit cards are denominated in dollars. In 2023, credit cards is expected to register growth both in number of cards, as ... Read More

  • Charge Cards in Turkey

    ... who use credit cards employ them mostly for the “pay later” function, while they use debit cards, which do not have a “pay later” function, for micropayments. Over the forecast period, banks may launch products ... Read More

  • Consumer Lending in Hungary

    ... in disposable incomes due to high inflation has compelled Hungarians to reassess their budgets and reconsider their plans for significant expenses such as moving house, home renovation projects, and purchasing cars or other expensive durables. ... Read More

  • Consumer Lending in the US

    ... of largely unchecked inflation affecting much of the US economy, 2023 has really zeroed-in on the US Federal Reserve’s efforts to achieve a so-called “soft landing” by increasing interest rates in an attempt to simultaneously ... Read More

  • Consumer Lending in Colombia

    ... end of 2022. This caused credit card interest rates to rise above 40%, leading to consumer concerns and reduced credit card usage, impacting overall consumption. In response, some banks reduced rates to 25% at the ... Read More

  • Financial Cards and Payments in Vietnam

    ... cards, and pre-paid cards are all seeing healthy double-digit transaction value growth, with credit cards showing the strongest growth regarding numbers of cards in circulation, followed by debit cards and pre-paid cards in numbers. Charge ... Read More

  • Consumer Lending in Malaysia

    ... and more appealing terms when required. The economic uncertainty in Malaysia, with relatively high inflation and a cost of living crisis, is stimulating banks to offer such personal loan products in 2023. Euromonitor International's Consumer ... Read More

  • Consumer Lending in Hong Kong, China

    ... by card lending. The reopening of borders in the fourth quarter of 2022 has sparked a strong desire among locals to travel abroad after staying in the domestic market for three years. This surge in ... Read More

  • Consumer Lending in Denmark

    ... expected to fall. A second year of rising interest rates and rising inflation is having an effect, with consumers and financial institutions being more cautious. In addition, the splurge in spending that happened after the ... Read More

  • Financial Cards and Payments in Hungary

    ... gradually lifted throughout 2022. The prevalence of card usage and online payments has improved, attracting new customer segments who have also become frequent users. Euromonitor International's Financial Cards and Payments in Hungary report establishes the ... Read More

  • Consumer Lending in Chile

    ... range projections of -0.5%-0.25% in 2023. Credit is showing low dynamism, particularly for SMEs and mortgages/housing. Credit to SMEs and consumer lending is slowing, with a significant reduction in gross lending on mortgages/housing compared to ... Read More

  • Consumer Lending in Mexico

    ... the growth and expansion of fintech companies, which extend credit to consumers without a credit history and without imposing additional restrictive requirements, especially within the context of above-average inflation. Mexican households are leveraging various means ... Read More

  • Consumer Credit in Peru

    ... already rebounded to pre-pandemic levels in 2022. The resurgence is attributed to a gradual return of individuals to their routine activities post the pandemic-related restrictions. Consequently, consumer spending and financing habits have resumed, fuelling the ... 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

  • 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

  • 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

Research Assistance

Live help

Join Alert Me Now!

Sign Up

Find out more on our blog
Cookie Settings