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

  • Online Microtransaction Market Size, Share, Trends, Growth, Outlook, and Insights Report, 2023- Industry Forecasts by Type, Application, Segments, Countries, and Companies, 2021- 2030

    ... In 2023, the market is poised to register positive year-on-year growth over 2022. Further, the Online Microtransaction market size maintains a super-linear growth trajectory, registering continuous expansion from 2023 to 2030. As we enter the ... Read More

  • Charge Cards in Saudi Arabia

    ... Therefore, the rebound of travel and tourism following the pandemic restrictions is benefitting charge cards in this context – especially as such financial cards are internationally acknowledged. However, one thing to acknowledge is a lower ... Read More

  • Pre-Paid Cards in Malaysia

    ... decline, a trend accelerated by the Coronavirus (COVID-19) pandemic, many local consumers, including those among the unbanked population, who do not own a financial card of any type, are more likely to convert to pre-paid ... Read More

  • Consumer Credit in Greece

    ... salaries, have instilled a sense of insecurity in consumers, making them hesitant to spend or consume, unsure of their ability to repay loans. The increase in interest rates and a more conservative approach from banks, ... Read More

  • Financial Cards and Payments in the Philippines

    ... to stabilise, the Philippines continues to experience robust growth in both volume and value terms within digital payments. This growth is observed across various areas of financial cards and payments. Notably, travel, dining, entertainment and ... Read More

  • Charge Cards in Malaysia

    ... limited supply of charge cards from banking institutions in Malaysia. Indeed, many banks have dropped their offer of charge cards, especially commercial charge cards, due to limited demand in the market. Over 2023, the numbers ... Read More

  • Store Cards in Italy

    ... the review period. This was due to strong competition from other financial card types and instruments, which offered greater flexibility. In contrast to credit cards, which could be used almost anywhere, it was only possible ... Read More

  • Credit Cards in the Philippines

    ... 2020, reflects local consumers’ resurgence in terms of shopping, travelling and purchasing goods after around two years of COVID-19 lockdown and other restrictions. The notable increase in credit card billings serves as an indicator of ... Read More

  • Consumer Lending in Greece

    ... exacerbated by the Russian invasion of Ukraine (with its effects fully realised in 2023), and a significant spike in interest rates have collectively impeded the pace of growth. Both banks and consumers have adopted a ... Read More

  • Charge Cards in Italy

    ... as consumers become increasing confident about making digital payments over cash. The return of domestic tourism, as well as business travel, also led to an increase in usage. However, the number of transactions slowed in ... Read More

  • Financial Cards and Payments in Thailand

    ... momentum aided by the government program “Shop Dee Mee Kuen” (Shopping and Payback), which stimulated demand in the first quarter of the year. Card transactions have shown an improvement in both value and volume of ... Read More

  • Financial Cards and Payments in Malaysia

    ... towards a cashless society in Malaysia, pushed by the government and private actors, such as retailers, and accelerated by the experience of the pandemic, continue to dictate many of the developments in the industry. This ... Read More

  • Financial Cards and Payments in Saudi Arabia

    ... in industries globally. In this regard, the Kingdom of Saudi Arabia (KSA) has experienced notable progression in digital payments, and the government’s reinforcement of improved arrangements in terms of digital payment policies and options, has ... Read More

  • Credit Cards in Italy

    ... the trend of the previous year. This was driven by the growing popularity of cashless transactions, as consumers become increasing confident about making digital payments over cash. At the same time, developments in infrastructure, which ... Read More

  • Charge Cards in Thailand

    ... post-pandemic era, consumers have returned to routine spending, with robust value growth in 2023 in terms of charge card transactions. The strong rebound in the tourism and hospitality industry is having a notable impact, with ... Read More

  • Credit Cards in Thailand

    ... on various products and services, including shopping, restaurants, tourism, travel, and petrol have all increased, resulting in double-digit growth in credit card transactions. Additionally, the Thai government’s personal income tax deduction programme “Shop Dee Mee ... Read More

  • Credit Cards in Malaysia

    ... commercial credit cards in circulation is rebounding, following declines caused by the effects of the pandemic on the business and travel operations of companies. The reopening of society and related growth in both personal and ... Read More

  • Credit Cards in Saudi Arabia

    ... face in the KSA is a question mark around their compliance with Sharia Law. Essentially, with regards to Sharia compliancy, the fundamental principles of Islamic banking are the sharing of profit and loss and the ... Read More

  • Store Cards in Thailand

    ... This programme covers a variety of goods and services such as fuel, food and beverages, products sold in convenience stores, IT equipment, computers, smartphones, and books (excluding alcohol, cigarettes, and vehicles). The scheme is designed ... Read More

  • Financial Cards and Payments in Italy

    ... by the growing trend towards cashless payments, even for smaller amounts, thanks to the development of POS infrastructure and the rising adoption of contactless technology, including mobile wallets. The recovery of tourism in Italy also ... Read More

  • Credit Cards in Argentina

    ... the profitability of offering credit cards. Both the interest rate for instalment payments and the rate charged when customers opt to finance their expenses are capped by the Central Bank, hindering substantial profits. Additionally, the ... Read More

  • Pre-Paid Cards in Argentina

    ... segment has gradually waned over time. Early players like Ualá and Mercado Pago, who were pivotal in its development, have shifted their focus away from these cards, emphasising other financial instruments. Moreover, the ongoing challenging ... Read More

  • Consumer Credit in Romania

    ... loans from non-banking institutions and card lending. The surge in prices and declining disposable incomes, influenced by inflation, has driven the demand for quick credit to cover everyday expenses. Additionally, the outstanding balance in consumer ... Read More

  • Consumer Credit in Norway

    ... reduced slightly in 2023, but it is still much higher than the 2% target. Interest rates have been raised to a high of 4.25% in September 2023, with further hikes possible, as the government tries ... Read More

  • Pre-Paid Cards in Nigeria

    ... constant transaction value is expected to fall in 2023, as inflation remains very high. There is little awareness of pre-paid cards and most open loop cards are in foreign currency. Closed loop cards dominate, though ... Read More

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