Top 10 Credit Card Companies
Posted on August 26th, 2010
As of the end of February, there were 576 million credit cards in circulation in the United States alone, according to CNBC.
And US consumer revolving debt was $864.4 billion as of the beginning of the year, with 98% of it tied to credit card debt.
So who are the top issuers of all these credit cards?
Well, you may be surprised to hear that Bank of America was the leader, with $194.7 billion in credit issued.
That includes business outside the US, in places like the UK, Canada, and Spain.
Chase came in a close second with $184 billion in credit issued via 119.4 million credit cards, making it the largest credit card issuer in the United States.
At third was Citi, with $148.9 billion in credit issued on 92 million credit cards.
Top 10 Credit Card Issuers
1. Bank of America/MBNA – $194.7 billion 2. Chase – $184 billion, 119.4 million credit cards 3. Citi – $148.9 billion, 92 million credit cards 4. American Express – $105 billion 5. Capital One – $68.8 billion 6. HSBC – $58.5 billion 7. Discover – $49.6 billion, 54.4 million credit cards 8. Wells Fargo – $36.4 billion, 17.3 million credit cards 9. Barclays – $32.6 billion 10. Lloyds TSB/HBoS – $19.3 billion
If you’re wondering where Visa and MasterCard are on this list, note that they’re not credit card issuers, but actually payment processing companies.
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Tags: Card, Credit Card
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