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 Greece

    ... 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 more ... Read More

  • Charge Cards in Turkey

    ... who use credit cards employ them mostly for the “pay later” function, while they use debit cards, which do not have a “pay later” function, for micropayments. Over the forecast period, banks may launch products ... Read More

  • Consumer Lending in Hungary

    ... in disposable incomes due to high inflation has compelled Hungarians to reassess their budgets and reconsider their plans for significant expenses such as moving house, home renovation projects, and purchasing cars or other expensive durables. ... Read More

  • Consumer Lending in the US

    ... of largely unchecked inflation affecting much of the US economy, 2023 has really zeroed-in on the US Federal Reserve’s efforts to achieve a so-called “soft landing” by increasing interest rates in an attempt to simultaneously ... Read More

  • Consumer Lending in Colombia

    ... end of 2022. This caused credit card interest rates to rise above 40%, leading to consumer concerns and reduced credit card usage, impacting overall consumption. In response, some banks reduced rates to 25% at the ... Read More

  • Consumer Lending in Malaysia

    ... and more appealing terms when required. The economic uncertainty in Malaysia, with relatively high inflation and a cost of living crisis, is stimulating banks to offer such personal loan products in 2023. Euromonitor International's Consumer ... Read More

  • Consumer Lending in Hong Kong, China

    ... by card lending. The reopening of borders in the fourth quarter of 2022 has sparked a strong desire among locals to travel abroad after staying in the domestic market for three years. This surge in ... Read More

  • Consumer Lending in Denmark

    ... expected to fall. A second year of rising interest rates and rising inflation is having an effect, with consumers and financial institutions being more cautious. In addition, the splurge in spending that happened after the ... Read More

  • Consumer Lending in Chile

    ... range projections of -0.5%-0.25% in 2023. Credit is showing low dynamism, particularly for SMEs and mortgages/housing. Credit to SMEs and consumer lending is slowing, with a significant reduction in gross lending on mortgages/housing compared to ... Read More

  • Consumer Lending in Mexico

    ... the growth and expansion of fintech companies, which extend credit to consumers without a credit history and without imposing additional restrictive requirements, especially within the context of above-average inflation. Mexican households are leveraging various means ... Read More

  • Consumer Lending in Saudi Arabia

    ... affected by the pandemic, along with 15% VAT, consumer lending is set to develop further amidst price hikes and global inflation. As such, the surge in prices is contributing to a robust credit development, thereby ... Read More

  • Consumer Lending in Italy

    ... as high inflation rates, increasing ECB interest rates and high energy prices served to erode consumer confidence, as well as disposable incomes. Euromonitor International's Consumer Lending in Italy report establishes the size and structure of ... Read More

  • Charge Cards in Morocco

    ... - the core feature of charge cards - is a major incentive for local consumers in the face of increased pressure on purchasing power in 2023. As such, cardholders will not pay more than the ... Read More

  • Global Virtual Credit Cards Market Professional Survey by Types, Applications, and Players, with Regional Growth Rate Analysis and Development Situation, from 2023 to 2028

    ... growth of the Virtual Credit Cards industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Virtual Credit Cards. The report also introduces players ... Read More

  • Consumer Lending in Turkey

    ... and foreign exchange rates have made consumers more reliant on lending solutions. Consumers are seeking ways to offset the impact of escalating costs. The challenging situation has created greater opportunities for individuals to exploit their ... Read More

  • Consumer Lending in Romania

    ... the Russian invasion of Ukraine has collectively dampened Romanians' enthusiasm for consumer loans in 2023. Meanwhile, the escalating living costs have driven a significant surge in card lending as consumers seek to cover daily expenses, ... Read More

  • Consumer Lending in Singapore

    ... in overall consumer lending, coinciding with the country's ongoing shift towards digitalisation. Euromonitor International's Consumer Lending in Singapore report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit ... Read More

  • Consumer Lending in Vietnam

    ... Circular No. 06/2023/TT-NHNN on 28 June 2023, amending and supplementing certain provisions of Circular No. 39/2016/TT-NHNN, which regulates credit activities of credit institutions and foreign bank branches, regarding additional regulations on loan approval through electronic ... Read More

  • Credit Cards in Hong Kong, China

    ... of the pandemic. Residents are now showing a strong and sustained interest in reallocating their spending from daily expenses in Hong Kong towards their outbound travel budget. Hong Kong's outbound expenditure is set to recover ... Read More

  • Consumer Lending in Sweden

    ... August 2022, the annual inflation rate soared to almost 10%, the highest in more than 30 years. With the prices of essential commodities such as electricity, fuel and food continuing to rise, as well as ... Read More

  • Financial Cards and Payments in Hong Kong, China

    ... This is mainly being driven by overseas consumption due to revenge travel after borders reopened in the fourth quarter of 2022. Credit cards remain as a top-of-mind payment option for local consumers. Euromonitor International's Financial ... Read More

  • Consumer Credit in Singapore

    ... of travel and tourism activities in numerous countries across the Asia Pacific region has led to a rapid upsurge in travel expenditure, consequently driving the overall expansion of card lending as well as consumer credit ... Read More

  • Pre-Paid Cards in Hong Kong, China

    ... interest among local residents to explore the mainland during weekends or holidays, Octopus has strategically capitalised on the integration of the Greater Bay Area. To cater for the needs of Hong Kong residents travelling to ... Read More

  • Consumer Lending in Morocco

    ... impacting purchasing power across households. This trend has intensified with rising interest rates and as a result, the demand for consumer lending facilities has become subdued, while repayment trends exhibited longer periods of more than ... Read More

  • Charge Cards in Hong Kong, China

    ... Diners Club are determined to customise their latest offers to better cater for this shrinking client base. Following the reopening of borders, there has been a surge in revenge travel, leading to a significant shift ... Read More

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