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2023 US Credit Card Market Outlook

Publisher Packaged Facts
Published Jan 31, 2023
Length 104 Pages
SKU # LA17634343

Description

2023 US Credit Card Market Outlook

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Credit cards have come out of the pandemic stronger than ever: Adoption rates, usage frequency, and payment value have each reached new highs—and continued payment value growth is expected. But a host of challenges await, including usage normalization and the prospect of recession; buy now, pay later competition; and regulatory scrutiny of key revenue streams.

Packaged Facts’ 2023 Credit Card Market Outlook report provides comprehensive guidance on trends shaping credit card growth—including co-branded and private label cards, bank issuers, and card networks—and forecasts payment value growth through 2026. More specifically, the report:
  • Trends and forecasts credit card payment value by major payment network, including credit cards, debit cards, consumer credit cards, and small business credit cards.
  • Analyzes credit card usage trends by payment network, including standard, signature, small business, and other card types, with demographic analysis—and credit card usage trends by bank issuer, with demographic analysis.
  • Analyzes reward card trends, including share of card spend overall and type of reward earned (cash, points, miles).
  • Trends co-branded and private label credit card usage by card type/brand, with demographic analysis.
  • Trends and analyzes household debt and spending behavior, including loan delinquencies, the debt service ratio, active credit card users, share of consumer payment volume and value made by payment method, and general-purpose credit card payment value share of consumer expenditures.
  • Trends and analyzes important credit card metrics, including account growth rates and application rates, future application intention, outstanding credit card balances, share of consumers who revolve their credit card balances.
  • Identifies and analyzes credit card regulation pain points, including interest, late fees, and merchant fees.
  • Analyzes credit card innovation trends, including travel and entertainment portals, expanding credit access; trends digital payment service usage by Digital wallet, with demographic analysis; and analyzed contactless payment usage for digital wallets and cards, with demographic analysis.

Table of Contents

104 Pages
    • Scope of Report
    • Report Methodology
    • Market Overview
    • Staying Strong: Household Debt and Spending Trends
    • But Spending Remains Robust
    • Credit Card Payments Lead the Consumer Payment Charge
    • Digital Engagement Strengthens
    • Alternative Payments: An Increasingly Competitive Threat
    • Expect Normalization
    • U.S. Quarterly Credit Card Account Growth Plateaus
    • Credit Card Application Trends Remain Strong
    • Credit Card Balances and Delinquencies Jump in 2022
    • The Card Revolver Situation
    • Credit card interest on the chopping block?
    • Credit card late fees in the crosshairs
    • Credit Card Competition Act could pressure network fees
    • CFPB studies the impact of card line decreases
    • General-Purpose Credit Card and Debit Card Payment Value Trends
    • General-Purpose Payment Value Trends: Consumer vs. Commercial
    • Small Business Credit Card Payment Value Surpasses $750 Billion
    • General-Purpose Credit Card Usage Trends, By Network
    • Chase Tops Bank Issuers
    • Credit Cards Are On A Roll
    • Credit Card Rewards Make the World Go Round
    • Co-Branded Credit Cards Weather the Storm
    • Private-Label Credit Cards Face Continued Challenges
    • The Power of Travel and Entertainment Portals
    • Expanding Credit Access
    • Digital Payment Services Gain Traction—Credit Cards Left Behind
    • Contactless Card Issuance and Adoption
    • Market size and forecast methodology
    • Definitions

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