The Credit Card Issuance industry has suffered over the past five years as the debt binge of the early and mid-2000s turned into something of a debt purge following the onset of the financial crisis. The first few years that followed the financial crisis were characterised by consumers cutting back on debt and increasing savings. When the financial crisis hit, lenders increased their credit standards amid scarce access to funding, while credit card customers sought to deleverage from record private-sector debt levels.
The industry deals with issuance of credit and charge cards, which provide a line of credit or cash to use for purchases, to businesses and consumers. Credit card balances roll over month to month. The balances can be repaid in full or on an instalment basis. Charge card balances must be paid in full monthly. Cards are not issued directly by Visa, MasterCard, Diners Club or American Express but these companies provide the transaction processing networks.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.