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Country Report

Charge Card Transactions in

Charge Cards in Australia

Nov 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

ACCC to investigate extortionate card charges for overseas use

Amid fears of cardholders being charged excessive fees by their banks, the Australian Competition and Consumer Commission (ACCC) has been tasked with investigating foreign transaction charges. With Australia generating nearly 20 million outbound trips in 2019, Visa card usage abroad and the conversion of Australian dollars into foreign currency accrue vast amounts of money in card charges.

Relatively low usage limits developments to benefits improvements

When compared with traditional credit cards, charge cards share many similar features and benefits. However, charge cards have no preset spending limit on purchases, which gives cardholders more financial flexibility as long as their spending patterns, payment history, credit record and financial assets meet requirements.

Business usage drives the category

Charge cards in Australia remains a relatively small category targeting mostly commercial customers and high-net-worth individuals with significant spending power. Most of the developments in charge cards during the review period were observed in commercial charge cards as issuers invested significantly in additional services and benefits for businesses using these types of cards.

COMPETITIVE LANDSCAPE

American Express puts pedal to the metal with exclusive Platinum range

Charge cards cater to businesses or to high-net-worth individuals that enjoy special perks and exclusivity. Leading player American Express continues to signal its intentions to better cater to its customers by offering the first metal cards for its Platinum and Platinum Business cards range.

Diners Club extends its offering to compete with premium credit cards

Charge cards continued to face strong competition from premium credit cards in 2019. Whilst there are some charge card features that have unique value propositions when comparing them with other financial card types, issuers have found it difficult to convince consumers to pay a significant annual fee for the card.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Charge Card Transactions industry in Australia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Charge Card Transactions industry in Australia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Charge Card Transactions in Australia market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Charge Card Transactions in Australia?
What are the major operators and issuers in Australia?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Charge Card Transactions in Australia, originate from our database within our Consumer Finance market share and market size database

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Charge Cards in Australia - Category analysis

Charge Cards in Australia - Company Profile

HEADLINES

PROSPECTS

ACCC to investigate extortionate card charges for overseas use

Relatively low usage limits developments to benefits improvements

Business usage drives the category

COMPETITIVE LANDSCAPE

American Express puts pedal to the metal with exclusive Platinum range

Diners Club extends its offering to compete with premium credit cards

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2014-2019
Table 2 Charge Cards Transactions 2014-2019
Table 3 Charge Cards in Circulation: % Growth 2014-2019
Table 4 Charge Cards Transactions: % Growth 2014-2019
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2014-2019
Table 6 Commercial Charge Cards Transactions 2014-2019
Table 7 Commercial Charge Cards in Circulation: % Growth 2014-2019
Table 8 Commercial Charge Cards Transactions: % Growth 2014-2019
Table 9 Personal Charge Cards: Number of Cards in Circulation 2014-2019
Table 10 Personal Charge Cards Transactions 2014-2019
Table 11 Personal Charge Cards in Circulation: % Growth 2014-2019
Table 12 Personal Charge Cards Transactions: % Growth 2014-2019
Table 13 Charge Cards: Number of Cards by Issuer 2014-2018
Table 14 Charge Cards: Number of Cards by Operator 2014-2018
Table 15 Charge Cards Payment Transaction Value by Issuer 2014-2018
Table 16 Charge Cards Payment Transaction Value by Operator 2014-2018
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2014-2018
Table 18 Commercial Charge Cards: Number of Cards by Operator 2014-2018
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2014-2018
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2014-2018
Table 21 Personal Charge Cards: Number of Cards by Issuer 2014-2018
Table 22 Personal Charge Cards: Number of Cards by Operator 2014-2018
Table 23 Personal Charge Cards Transaction Value by Issuer 2014-2018
Table 24 Personal Charge Cards Transaction Value by Operator 2014-2018
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2019-2024
Table 26 Forecast Charge Cards Transactions 2019-2024
Table 27 Forecast Charge Cards in Circulation: % Growth 2019-2024
Table 28 Forecast Charge Cards Transactions: % Growth 2019-2024
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2019-2024
Table 30 Forecast Commercial Charge Cards Transactions 2019-2024
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2019-2024
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2019-2024
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2019-2024
Table 34 Forecast Personal Charge Cards Transactions 2019-2024
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2019-2024
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2019-2024

Credit Cards in Australia - Category analysis

Credit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Greater transparency required on credit card fees

Contactless payment on travel networks gives cardholders more options

Banks not doing enough to help customers in debt

COMPETITIVE LANDSCAPE

Apple could launch its own credit card in Australia

Cobranding and partnering – the best of both worlds?

American Express shows its high ambitions with Amex incentive

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2014-2019
Table 38 Credit Cards Transactions 2014-2019
Table 39 Credit Cards in Circulation: % Growth 2014-2019
Table 40 Credit Cards Transactions: % Growth 2014-2019
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2014-2019
Table 42 Commercial Credit Cards Transactions 2014-2019
Table 43 Commercial Credit Cards in Circulation: % Growth 2014-2019
Table 44 Commercial Credit Cards Transactions: % Growth 2014-2019
Table 45 Personal Credit Cards: Number of Cards in Circulation 2014-2019
Table 46 Personal Credit Cards Transactions 2014-2019
Table 47 Personal Credit Cards in Circulation: % Growth 2014-2019
Table 48 Personal Credit Cards Transactions: % Growth 2014-2019
Table 49 Credit Cards: Number of Cards by Issuer 2014-2018
Table 50 Credit Cards: Number of Cards by Operator 2014-2018
Table 51 Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 52 Credit Cards Payment Transaction Value by Operator 2014-2018
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2014-2018
Table 54 Commercial Credit Cards: Number of Cards by Operator 2014-2018
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2014-2018
Table 57 Personal Credit Cards: Number of Cards by Issuer 2014-2018
Table 58 Personal Credit Cards: Number of Cards by Operator 2014-2018
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2014-2018
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2019-2024
Table 62 Forecast Credit Cards Transactions 2019-2024
Table 63 Forecast Credit Cards in Circulation: % Growth 2019-2024
Table 64 Forecast Credit Cards Transactions: % Growth 2019-2024
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2019-2024
Table 66 Forecast Commercial Credit Cards Transactions 2019-2024
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2019-2024
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2019-2024
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2019-2024
Table 70 Forecast Personal Credit Cards Transactions 2019-2024
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2019-2024
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2019-2024

Debit Cards in Australia - Category analysis

Debit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Older millennials reveal they may switch banks

Australians are increasingly enticed by debit rather than credit cards

Australia’s switch to contactless comes at a price

COMPETITIVE LANDSCAPE

Revolut looks to shake up Australia’s banking scene

Sydney buses go contactless

Apple Pay extends its digital wallet service

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2014-2019
Table 74 Debit Cards Transactions 2014-2019
Table 75 Debit Cards in Circulation: % Growth 2014-2019
Table 76 Debit Cards Transactions: % Growth 2014-2019
Table 77 Debit Cards: Number of Cards by Issuer 2014-2018
Table 78 Debit Cards: Number of Cards by Operator 2014-2018
Table 79 Debit Cards Payment Transaction Value by Issuer 2014-2018
Table 80 Debit Cards Payment Transaction Value by Operator 2014-2018
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2019-2024
Table 82 Forecast Debit Cards Transactions 2019-2024
Table 83 Forecast Debit Cards in Circulation: % Growth 2019-2024
Table 84 Forecast Debit Cards Transactions: % Growth 2019-2024

Pre-Paid Cards in Australia - Category analysis

Pre-Paid Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Opal’s closed loop pre-paid cards could become less popular, while open loop pre-paid cards are increasingly popular for travel

Extortionate fees and rapidly rising fraud blight gift cards

Consumers enjoy the immediacy of a digital gift card

COMPETITIVE LANDSCAPE

Issuers increasingly partner with retailers for a USP

Digital banks are set to make waves in pre-paid

Square taps into the seasonal demand for gift cards

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2014-2019
Table 86 Pre-paid Cards Transactions 2014-2019
Table 87 Pre-paid Cards in Circulation: % Growth 2014-2019
Table 88 Pre-paid Cards Transactions: % Growth 2014-2019
Table 89 Closed Loop Pre-paid Cards Transactions 2014-2019
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 91 Open Loop Pre-paid Cards Transactions 2014-2019
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 93 Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 94 Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 95 Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 96 Pre-paid Cards Transaction Value by Operator 2014-2018
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2019-2024
Table 106 Forecast Pre-paid Cards Transactions 2019-2024
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2019-2024
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2019-2024
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2019-2024
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2019-2024
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2019-2024

Store Cards in Australia - Category analysis

Store Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Store cards lose out to co-branded credit cards

Innovation is lacking and competition is strong

COMPETITIVE LANDSCAPE

Fuel cards drive the category

Buy now pay later offers a different option

CATEGORY DATA

Table 113 Store Cards: Number of Cards in Circulation 2014-2019
Table 114 Store Cards Transactions 2014-2019
Table 115 Store Cards in Circulation: % Growth 2014-2019
Table 116 Store Cards Transactions: % Growth 2014-2019
Table 117 Store Cards: Number of Cards by Issuer 2014-2018
Table 118 Store Cards: Payment Transaction Value by Issuer 2014-2018
Table 119 Forecast Store Cards: Number of Cards in Circulation 2019-2024
Table 120 Forecast Store Cards Transactions 2019-2024
Table 121 Forecast Store Cards in Circulation: % Growth 2019-2024
Table 122 Forecast Store Cards Transactions: % Growth 2019-2024

Financial Cards and Payments in Australia - Industry Overview

EXECUTIVE SUMMARY

Competition in financial cards to escalate thanks to open banking

Buy now pay later is a growing threat to credit cards

Government investigates exorbitant card charges for overseas use

Rises in online card fraud to be tackled by leading card issuers

Digital wallets are more than a virtual threat

MARKET INDICATORS

Table 123 Number of POS Terminals: Units 2014-2019
Table 124 Number of ATMs: Units 2014-2019
Table 125 Value Lost to Fraud 2014-2019
Table 126 Card Expenditure by Location 2019
Table 127 Financial Cards in Circulation by Type: % Number of Cards 2014-2019
Table 128 Domestic versus Foreign Spend 2019

MARKET DATA

Table 129 Financial Cards by Category: Number of Cards in Circulation 2014-2019
Table 130 Financial Cards by Category: Number of Accounts 2014-2019
Table 131 Financial Cards Transactions by Category: Value 2014-2019
Table 132 Financial Cards by Category: Number of Transactions 2014-2019
Table 133 Consumer Payments by Category: Value 2014-2019
Table 134 Consumer Payments by Category: Number of Transactions 2014-2019
Table 135 M-Commerce by Category: Value 2014-2019
Table 136 M-Commerce by Category: % Value Growth 2014-2019
Table 137 Financial Cards: Number of Cards by Issuer 2014-2018
Table 138 Financial Cards: Number of Cards by Operator 2014-2018
Table 139 Financial Cards: Card Payment Transactions Value by Operator 2014-2018
Table 140 Financial Cards: Card Payment Transactions Value by Issuer 2014-2018
Table 141 Forecast Financial Cards by Category: Number of Cards in Circulation 2019-2024
Table 142 Forecast Financial Cards by Category: Number of Accounts 2019-2024
Table 143 Forecast Financial Cards Transactions by Category: Value 2019-2024
Table 144 Forecast Financial Cards by Category: Number of Transactions 2019-2024
Table 145 Forecast Consumer Payments by Category: Value 2019-2024
Table 146 Forecast Consumer Payments by Category: Number of Transactions 2019-2024
Table 147 Forecast M-Commerce by Category: Value 2019-2024
Table 148 Forecast M-Commerce by Category: % Value Growth 2019-2024

Megatrends

Country Report

Charge Cards in Australia

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

ACCC to investigate extortionate card charges for overseas use

Relatively low usage limits developments to benefits improvements

Business usage drives the category

COMPETITIVE LANDSCAPE

American Express puts pedal to the metal with exclusive Platinum range

Diners Club extends its offering to compete with premium credit cards

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in Australia - Category analysis

Charge Cards in Australia - Company Profile

HEADLINES

PROSPECTS

ACCC to investigate extortionate card charges for overseas use

Relatively low usage limits developments to benefits improvements

Business usage drives the category

COMPETITIVE LANDSCAPE

American Express puts pedal to the metal with exclusive Platinum range

Diners Club extends its offering to compete with premium credit cards

CATEGORY DATA

Credit Cards in Australia - Category analysis

Credit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Greater transparency required on credit card fees

Contactless payment on travel networks gives cardholders more options

Banks not doing enough to help customers in debt

COMPETITIVE LANDSCAPE

Apple could launch its own credit card in Australia

Cobranding and partnering – the best of both worlds?

American Express shows its high ambitions with Amex incentive

CATEGORY DATA

Debit Cards in Australia - Category analysis

Debit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Older millennials reveal they may switch banks

Australians are increasingly enticed by debit rather than credit cards

Australia’s switch to contactless comes at a price

COMPETITIVE LANDSCAPE

Revolut looks to shake up Australia’s banking scene

Sydney buses go contactless

Apple Pay extends its digital wallet service

CATEGORY DATA

Pre-Paid Cards in Australia - Category analysis

Pre-Paid Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Opal’s closed loop pre-paid cards could become less popular, while open loop pre-paid cards are increasingly popular for travel

Extortionate fees and rapidly rising fraud blight gift cards

Consumers enjoy the immediacy of a digital gift card

COMPETITIVE LANDSCAPE

Issuers increasingly partner with retailers for a USP

Digital banks are set to make waves in pre-paid

Square taps into the seasonal demand for gift cards

CATEGORY DATA

Store Cards in Australia - Category analysis

Store Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Store cards lose out to co-branded credit cards

Innovation is lacking and competition is strong

COMPETITIVE LANDSCAPE

Fuel cards drive the category

Buy now pay later offers a different option

CATEGORY DATA

Financial Cards and Payments in Australia - Industry Overview

EXECUTIVE SUMMARY