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 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

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