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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

  • Consumer Lending in France

    ... and rising household investment in durable goods, automobiles and property. This fuelled consumer lending growth, especially as the quantitative easing policy of the European Central Bank (ECB) maintained interest rates at low levels from 2015. ... Read More

  • Consumer Lending in the Netherlands

    ... tend to keep their debts manageable and limit them mostly to essential borrowing such as mortgages and education. However, as the economy grew rapidly over the review period, consumers gained in confidence and the threshold ... Read More

  • Consumer Lending in the United Kingdom

    ... the highest level since March 2009. Expected to raise the interest rate in May 2018, the Bank of England waited because of the economic dip at the start of the year; however, concerns over spending ... Read More

  • Consumer Lending in Saudi Arabia

    ... 2030 was announced in April 2016, which aims to decrease the country’s reliance on the oil sector; one of its significant actions is Saudization. Saudization is considered to be the main driver in the financial ... Read More

  • Consumer Lending in the Philippines

    ... non-financial institutions continued to improve their consumer lending offers, the willingness of consumers to take up such offers was tempered by a drastic change in the income tax regime and the adjustment of several excise ... Read More

  • Consumer Lending in Greece

    ... the much-troubled Greek economy, which is now at a stage of stabilisation, recording marginal growth. Lack of liquidity and the unresolved problem of NPLs are undermining the banks’ ability to provide new loans, while demand, ... Read More

  • Consumer Lending in Ukraine

    ... GDP growth, registering an increase of 3.4%. Relative political stability and the gradual implementation of market-oriented reforms contributed to ongoing economic stabilisation, in turn benefiting the consumer lending industry. According to data from the National ... Read More

  • Consumer Lending in Hong Kong, China

    ... Hong Kong Monetary Authority initiated a series of consumer education programmes between 2016-2018 with the aim to educate consumers and highlight the benefits and risks of different financial products. The result of the programme was ... Read More

  • Consumer Lending in Vietnam

    ... of this good growth. Rapid urbanisation, increasingly stressful lifestyles and social pressure led people to have higher disposable and become more willing to spend on items that enhance their lives, such as household appliances, traveling ... Read More

  • Consumer Lending in Brazil

    ... fear being out of work in the short to medium term. Overall, Brazil’s economy is recovering more slowly than expected. Also, the campaigning for political elections in October 2018 is characterised by fierce disputes between ... Read More

  • Consumer Lending in the US

    ... two additional rises expected before year-end, and is forecast to meet the set inflation rate, suggesting favourable economic conditions for consumer lending growth. Euromonitor International's Consumer Lending in USA report establishes the size and structure ... Read More

  • Consumer Lending in Turkey

    ... in the country which have significantly increased the cost of consumer credit for borrowers and lessened consumer enthusiasm for spending. In 2018, the Turkish Central Bank raised interest rates which led to increasing monthly interest ... Read More

  • Consumer Lending in Indonesia

    ... banks also indicated strong optimism for loan growth. The optimism has been supported by better-than-expected economic conditions in 2018, which have been positively affected by overall global economic growth in the year compared with the ... Read More

  • Consumer Lending in Morocco

    ... which attracted the interest of a number of consumers. In parallel, Moroccans were attracted by the latest lifestyle commodities, which enhanced their need for loans, such as personal lending for holidays and other acquisitions. Besides, ... Read More

  • Consumer Lending in Mexico

    ... the most memorable in Mexican history. Yet even though volatility has become something of a hallmark of the Mexican economy, the economy appeared stable towards the end of 2018, recording slightly higher GDP growth rate ... Read More

  • Consumer Lending in Norway

    ... decade. Petroleum investments are rising, and unemployment is falling, which is set to continue over the forecast period. The central bank, Norges Bank, raised its baseline interest rate from 0.5% to 0.75% in September 2018; ... Read More

  • Consumer Lending in China

    ... side, growth is mainly driven by the desire to upgrade from middle-class households and the relatively low penetration rate of consumer finance in China. On the supply side, Chinese banks are under regulatory pressure to ... Read More

  • Consumer Lending in Russia

    ... encouraged them to make purchases which were postponed during the economic slowdown. Consumers also demanded higher-quality products and services. Meanwhile, banks continued to attract consumers with lower interest rates on loans and developed products targeting ... Read More

  • Consumer Lending in Austria

    ... period of ongoing low interest rates, economic development in Austria continued to accelerate and Austrians’ attitudes to their future, along with their willingness to spend, continued to improve, thus supporting consumer lending. Euromonitor International's Consumer ... Read More

  • Consumer Lending in the Czech Republic

    ... itself through solid GDP growth, historically low unemployment rates and strong wage growth. In combination with the healthy financial position of domestic banks and other credit providers, the market naturally continued its expansion in 2018. ... Read More

  • Consumer Lending in Denmark

    ... and leads growth due to increased demand for housing. The housing market recorded a strong performance in 2018 thanks to still low interest rates, high demand for residential housing, especially in the bigger cities, and ... Read More

  • Consumer Lending in Sweden

    ... In 2017, Sweden’s population continued to grow due to more live births than deaths and the wide gap between immigration and emigration. Statistics also show improving employment and a decreasing unemployment rate. All these factors ... Read More

  • Consumer Lending in Taiwan

    ... the country has continued to widen, with most of those in the middle-income bracket now considerably poorer than they were in the past. These conditions have been the main driving force behind the healthy growth ... Read More

  • Consumer Lending in Poland

    ... sentiment drove fixed investment. Economic development in Poland, with low unemployment and high consumer confidence, supported private consumption and boosted the development of consumer lending. Consumers are optimistic about the prospects of their debt repayments. ... Read More

  • Consumer Lending in Portugal

    ... of loans. The credit concession recorded highs in 2018 that had not been witnessed since 2008. The growth trend in gross lending was recorded across consumer lending, with several categories recording double-digit increases. Fuelled by ... Read More

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