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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

  • Credit Cards in Ukraine

    ...a key factor, as consumers have become more conscious card users. Credit card transactions demonstrated 8% current value growth in 2016 to reach UAH31.8 billion, while the number of cards in circulation decreased by 6%. ... Read More

  • Pre-Paid Cards in Russia

    ...to reach 24 million cards. Along with debit cards, it has been the best performing category within financial cards in Russia in 2016. However, unlike other types of financial cards, open loop pre-paid cards has ... Read More

  • Pre-Paid Cards in the Czech Republic

    ...to diversify their product portfolio and develop a new stream of revenues after mainly credit cards were affected by implementation of interchange fees. There are several segments that are targeted by these new cards. A ... Read More

  • Pre-Paid Cards in Ukraine

    ...of 96% in current terms in 2016. The culture of card payments is developing and people are ready to consider new pre-paid offers, which allow quick and convenient payments. At the same time, open loop ... Read More

  • Store Cards in Russia

    ...has significantly inhibited the development of store cards in Russia. The most popular store card is the IKEA Family Card. This has been issued by Credit Europe Bank ZAO in cooperation with Ikea as a ... Read More

  • Financial Cards and Payments in the Czech Republic

    ...per card amongst card payment transactions continued growing by double digits during 2016. This was caused by the expanding environment for card payment transactions, growing number of point-of-sale terminals and rapid implementation of NFC payments, ... Read More

  • Financial Cards and Payments in Ukraine

    ...of total card transactions. At the same time, the number of cards in circulation has declined due to the continuous liquidation of illiquid banks. In turn, Ukrainian customers have started to use obtained cards more ... Read More

  • Financial Cards and Payments in Russia

    ...more positive trends in the Russian economy such as a rebound in oil prices, more stable inflation, and adjustments to a weak Russian rouble in 2015 have resulted in this ongoing development with a more ... Read More

  • Financial Cards and Payments in Egypt

    ...of an individual’s portfolio of loans at 35% (raised to 40% in case the portfolio includes a mortgage loan) of their monthly net salary after deducting taxes and insurance. This led consumers to reduce their ... Read More

  • Financial Cards and Payments in Taiwan

    ...GOMAJI Pay and T Wallet, as well as international services such as Alipay and LINE Pay. However, early adopters remain the only consumers who are familiar with the range of mobile payment options in the ... Read More

  • Consumer Lending in Poland

    ...in the aftermath of the 2009 economic crisis. GDP grew and unemployment decreased, and even with a slight increase in personal incomes, Poles remained distrustful and more responsible about credit. Euromonitor International's Consumer Lending in ... Read More

  • Consumer Lending in Taiwan

    ...rates three times between the third quarter of 2015 and mid-2016 in a bid to stimulate consumer lending. Euromonitor International's Consumer Lending in Taiwan report establishes the size and structure of the market for ATMs ... Read More

  • Credit Cards in Taiwan

    ...in September 2015. This move is expected to reduce overall issuer profits by around TWD2 billion per annum, while at the same time relieving the financial stress on more than one million Taiwanese credit card ... Read More

  • Charge Cards in Egypt

    ...amongst both individuals and businesses. The reasons are their high interest rates compared with other types of cards, as well as their limited availability at banks due to low demand. The costs of these cards ... Read More

  • Charge Cards in Taiwan

    ...The chief reason for such a performance is due to the competition the category faces from other, more dynamic financial cards and payments categories. In contrast to the dynamism seen in other categories, charge card ... Read More

  • Credit Cards in Egypt

    ...of transactions grew by 34%, to reach 192 million. In current value terms, credit card transaction growth doubled in 2016 compared with 2015, to reach 32%. Euromonitor International's Credit Card Transactions in Egypt report establishes ... Read More

  • The Cards and Payments Industry in Lithuania: Emerging Trends and Opportunities to 2021

    ...trends in the Lithuanian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, check payments, payment cards, cash transactions and direct debits ... Read More

  • Consumer Lending in Saudi Arabia

    ...to control housing shortages and reduce monopolies, and force owners to sell, develop and pay dues. The sweeping reforms in the property sector in to elevate home ownership rates and affordability for middle class consumers. ... Read More

  • Consumer Lending in Hungary

    ...in incomes, declining unemployment rates and a more positive economic outlook overall helped to improve consumer confidence. These conditions also strengthened interest in loans and other forms of credit, though many consumers remained cautious and ... Read More

  • Credit Cards in Hungary

    ...and spend more, they welcome the convenience offered by credit cards. Operators actively promote the use of credit cards in mass media. Issuers join with retailers and compete to gain new clients with co-branded cards ... Read More

  • Financial Cards and Payments in Hungary

    ...is rapidly spreading in Hungary, and more consumers are becoming used to convenient electronic payment solutions. The acceptance network and the number of POS terminals are expanding. Debit card transaction fees are low or waived ... Read More

  • Charge Cards in Hungary

    ...2016, no retail banks offered charge cards as a solution for the general public, despite the superior security compared to credit cards. It is also rare as a business credit solution, with only American Express ... Read More

  • Store Cards in South Korea

    ...or debit cards with discount benefits through department stores recorded stronger growth than store cards. In South Korea, there are many financial cards which offer up to 5% discount when consumers use the cards in ... Read More

  • Consumer Lending in the Czech Republic

    ...higher volume of transactions has caused a higher share of the retail spending to be transformed into credit. Usage of credit cards is also replacing some other loan types, such as durables or other personal ... Read More

  • Credit Cards in South Korea

    ...increased by 1% to reach 94,000. The positive performance in credit cards was led by strong growth in commercial cards, which achieved retail value growth of 4% in 2016, mainly due to the removal of ... Read More

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