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Country Report

Charge Card Transactions in

Charge Cards in the US

Nov 2020

US$990

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Executive Summary

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

2020 IMPACT

Limited payment flexibility drives the decline in charge cards

Charge cards have a fundamental trade-off: consumers agree to give up payment flexibility in return for not having a fixed credit limit. In normal times, cardholders’ confidence in their ability to fully pay off their card each month allows them to make this trade-off.

American Express limits number of charge cards per account

American Express confirmed in May 2020 that it had set new, temporary limits on consumer lending. Cardholders would be restricted to having at most four credit cards and 10 charge cards per account.

American Express supporting small businesses during the pandemic

Small businesses have been particularly hard hit by the COVID-19 pandemic. Even with the US government offering loans through the Paycheck Protection Program, many businesses were unable to get a loan before funds ran out.

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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 USA 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 USA, our research will save you time and money while empowering you to make informed, profitable decisions.

The Charge Card Transactions in USA 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 USA?
What are the major operators and issuers in USA?
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 USA, originate from our database within our Consumer Finance market share and market size database

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Charge Cards in the US - Category analysis

Charge Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Limited payment flexibility drives the decline in charge cards

American Express limits number of charge cards per account

American Express supporting small businesses during the pandemic

RECOVERY AND OPPORTUNITIES

Charge cards’ recovery to depend on the return of high-income consumers

Competition between charge cards and ultra-premium credit cards intensifies

Karat introduces a charge card for influencers

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2015-2020
Table 2 Charge Cards Transactions 2015-2020
Table 3 Charge Cards in Circulation: % Growth 2015-2020
Table 4 Charge Cards Transactions: % Growth 2015-2020
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
Table 6 Commercial Charge Cards Transactions 2015-2020
Table 7 Commercial Charge Cards in Circulation: % Growth 2015-2020
Table 8 Commercial Charge Cards Transactions: % Growth 2015-2020
Table 9 Personal Charge Cards: Number of Cards in Circulation 2015-2020
Table 10 Personal Charge Cards Transactions 2015-2020
Table 11 Personal Charge Cards in Circulation: % Growth 2015-2020
Table 12 Personal Charge Cards Transactions: % Growth 2015-2020
Table 13 Charge Cards: Number of Cards by Issuer 2015-2019
Table 14 Charge Cards: Number of Cards by Operator 2015-2019
Table 15 Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 16 Charge Cards Payment Transaction Value by Operator 2015-2019
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
Table 18 Commercial Charge Cards: Number of Cards by Operator 2015-2019
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
Table 21 Personal Charge Cards: Number of Cards by Issuer 2015-2019
Table 22 Personal Charge Cards: Number of Cards by Operator 2015-2019
Table 23 Personal Charge Cards Transaction Value by Issuer 2015-2019
Table 24 Personal Charge Cards Transaction Value by Operator 2015-2019
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
Table 26 Forecast Charge Cards Transactions 2020-2025
Table 27 Forecast Charge Cards in Circulation: % Growth 2020-2025
Table 28 Forecast Charge Cards Transactions: % Growth 2020-2025
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
Table 30 Forecast Commercial Charge Cards Transactions 2020-2025
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
Table 34 Forecast Personal Charge Cards Transactions 2020-2025
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2020-2025

Credit Cards in the US - Category analysis

Credit Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Issuers offer financial assistance as COVID-19 leaves cardholders unable to make payments

Loss of T&E spending causes commercial cards’ transaction value to plummet

Issuers lower credit limits, accept fewer card applications

RECOVERY AND OPPORTUNITIES

Chime creates a credit card for Millennials that acts like a debit card

Travel cards adjust benefits as cardholders stop travelling

Layaway’s surge threatens credit cards’ recovery

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2015-2020
Table 38 Credit Cards Transactions 2015-2020
Table 39 Credit Cards in Circulation: % Growth 2015-2020
Table 40 Credit Cards Transactions: % Growth 2015-2020
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
Table 42 Commercial Credit Cards Transactions 2015-2020
Table 43 Commercial Credit Cards in Circulation: % Growth 2015-2020
Table 44 Commercial Credit Cards Transactions: % Growth 2015-2020
Table 45 Personal Credit Cards: Number of Cards in Circulation 2015-2020
Table 46 Personal Credit Cards Transactions 2015-2020
Table 47 Personal Credit Cards in Circulation: % Growth 2015-2020
Table 48 Personal Credit Cards Transactions: % Growth 2015-2020
Table 49 Credit Cards: Number of Cards by Issuer 2015-2019
Table 50 Credit Cards: Number of Cards by Operator 2015-2019
Table 51 Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 52 Credit Cards Payment Transaction Value by Operator 2015-2019
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
Table 54 Commercial Credit Cards: Number of Cards by Operator 2015-2019
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
Table 57 Personal Credit Cards: Number of Cards by Issuer 2015-2019
Table 58 Personal Credit Cards: Number of Cards by Operator 2015-2019
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
Table 62 Forecast Credit Cards Transactions 2020-2025
Table 63 Forecast Credit Cards in Circulation: % Growth 2020-2025
Table 64 Forecast Credit Cards Transactions: % Growth 2020-2025
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 66 Forecast Commercial Credit Cards Transactions 2020-2025
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 70 Forecast Personal Credit Cards Transactions 2020-2025
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in the US - Category analysis

Debit Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Personal debit payments grow as recession erodes consumer confidence

Stay-at-home orders drive commercial debit card decline

COVID-19 puts a spotlight on overdraft fees

RECOVERY AND OPPORTUNITIES

Renewed momentum for contactless debit cards

Credit’s recovery slows future growth of debit

Ellevest uses debit cards to promote its social mission

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2015-2020
Table 74 Debit Cards Transactions 2015-2020
Table 75 Debit Cards in Circulation: % Growth 2015-2020
Table 76 Debit Cards Transactions: % Growth 2015-2020
Table 77 Debit Cards: Number of Cards by Issuer 2015-2019
Table 78 Debit Cards: Number of Cards by Operator 2015-2019
Table 79 Debit Cards Payment Transaction Value by Issuer 2015-2019
Table 80 Debit Cards Payment Transaction Value by Operator 2015-2019
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
Table 82 Forecast Debit Cards Transactions 2020-2025
Table 83 Forecast Debit Cards in Circulation: % Growth 2020-2025
Table 84 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in the US - Category analysis

Pre-Paid Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

CARES Act stimulus payments drive use of open-loop pre-paid cards

COVID-19’s impact varies significantly by pre-paid card type

Small businesses push gift cards to maintain cashflow during lockdown

RECOVERY AND OPPORTUNITIES

Pre-paid emerges as a potential victor in the cashless retailers debate

BitPay introduces new crypto-to-fiat pre-paid card

Contactless payment on the way for New York’s public transport system

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2015-2020
Table 86 Pre-paid Cards Transactions 2015-2020
Table 87 Pre-paid Cards in Circulation: % Growth 2015-2020
Table 88 Pre-paid Cards Transactions: % Growth 2015-2020
Table 89 Closed Loop Pre-paid Cards Transactions 2015-2020
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 91 Open Loop Pre-paid Cards Transactions 2015-2020
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 93 Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 94 Pre-paid Cards Transaction Value by Operator 2015-2019
Table 95 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 96 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 97 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 98 Forecast Pre-paid Cards Transactions 2020-2025
Table 99 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
Table 100 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
Table 101 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
Table 102 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 103 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
Table 104 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Store Cards in the US - Category analysis

Store Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Recession makes store cards’ immediate discounts more appealing

Retailer bankruptcies drive down the number of store cards in circulation

New credit card reward categories challenge store cards

RECOVERY AND OPPORTUNITIES

Lower credit score requirements could boost store card applications

E-commerce shift threatens store cards’ marketing strategy

Co-branded cards continue to threaten store cards

CATEGORY DATA

Table 105 Store Cards: Number of Cards in Circulation 2015-2020
Table 106 Store Cards Transactions 2015-2020
Table 107 Store Cards in Circulation: % Growth 2015-2020
Table 108 Store Cards Transactions: % Growth 2015-2020
Table 109 Store Cards: Number of Cards by Issuer 2015-2019
Table 110 Store Cards: Payment Transaction Value by Issuer 2015-2019
Table 111 Forecast Store Cards: Number of Cards in Circulation 2020-2025
Table 112 Forecast Store Cards Transactions 2020-2025
Table 113 Forecast Store Cards in Circulation: % Growth 2020-2025
Table 114 Forecast Store Cards Transactions: % Growth 2020-2025

Financial Cards and Payments in the US - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Federal government passes USD2 trillion CARES Act, the largest economic stimulus package in history

Contactless payments go from near-zero to hero

Issuers compete on payment flexibility and new card benefits

What next for consumer payments?

MARKET INDICATORS

Table 115 Number of POS Terminals: Units 2015-2020
Table 116 Number of ATMs: Units 2015-2020
Table 117 Value Lost to Fraud 2015-2020
Table 118 Card Expenditure by Location 2020
Table 119 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
Table 120 Domestic versus Foreign Spend 2020

MARKET DATA

Table 121 Financial Cards by Category: Number of Cards in Circulation 2015-2020
Table 122 Financial Cards by Category: Number of Accounts 2015-2020
Table 123 Financial Cards Transactions by Category: Value 2015-2020
Table 124 Financial Cards by Category: Number of Transactions 2015-2020
Table 125 Consumer Payments by Category: Value 2015-2020
Table 126 Consumer Payments by Category: Number of Transactions 2015-2020
Table 127 M-Commerce by Category: Value 2015-2020
Table 128 M-Commerce by Category: % Value Growth 2015-2020
Table 129 Financial Cards: Number of Cards by Issuer 2015-2019
Table 130 Financial Cards: Number of Cards by Operator 2015-2019
Table 131 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
Table 132 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
Table 133 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 134 Forecast Financial Cards by Category: Number of Accounts 2020-2025
Table 135 Forecast Financial Cards Transactions by Category: Value 2020-2025
Table 136 Forecast Financial Cards by Category: Number of Transactions 2020-2025
Table 137 Forecast Consumer Payments by Category: Value 2020-2025
Table 138 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
Table 139 Forecast M-Commerce by Category: Value 2020-2025
Table 140 Forecast M-Commerce by Category: % Value Growth 2020-2025

Megatrends

Country Report

Charge Cards in the US

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Limited payment flexibility drives the decline in charge cards

American Express limits number of charge cards per account

American Express supporting small businesses during the pandemic

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 the US - Category analysis

Charge Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Limited payment flexibility drives the decline in charge cards

American Express limits number of charge cards per account

American Express supporting small businesses during the pandemic

RECOVERY AND OPPORTUNITIES

Charge cards’ recovery to depend on the return of high-income consumers

Competition between charge cards and ultra-premium credit cards intensifies

Karat introduces a charge card for influencers

CATEGORY DATA

Credit Cards in the US - Category analysis

Credit Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Issuers offer financial assistance as COVID-19 leaves cardholders unable to make payments

Loss of T&E spending causes commercial cards’ transaction value to plummet

Issuers lower credit limits, accept fewer card applications

RECOVERY AND OPPORTUNITIES

Chime creates a credit card for Millennials that acts like a debit card

Travel cards adjust benefits as cardholders stop travelling

Layaway’s surge threatens credit cards’ recovery

CATEGORY DATA

Debit Cards in the US - Category analysis

Debit Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Personal debit payments grow as recession erodes consumer confidence

Stay-at-home orders drive commercial debit card decline

COVID-19 puts a spotlight on overdraft fees

RECOVERY AND OPPORTUNITIES

Renewed momentum for contactless debit cards

Credit’s recovery slows future growth of debit

Ellevest uses debit cards to promote its social mission

CATEGORY DATA

Pre-Paid Cards in the US - Category analysis

Pre-Paid Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

CARES Act stimulus payments drive use of open-loop pre-paid cards

COVID-19’s impact varies significantly by pre-paid card type

Small businesses push gift cards to maintain cashflow during lockdown

RECOVERY AND OPPORTUNITIES

Pre-paid emerges as a potential victor in the cashless retailers debate

BitPay introduces new crypto-to-fiat pre-paid card

Contactless payment on the way for New York’s public transport system

CATEGORY DATA

Store Cards in the US - Category analysis

Store Cards in the US - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Recession makes store cards’ immediate discounts more appealing

Retailer bankruptcies drive down the number of store cards in circulation

New credit card reward categories challenge store cards

RECOVERY AND OPPORTUNITIES

Lower credit score requirements could boost store card applications

E-commerce shift threatens store cards’ marketing strategy

Co-branded cards continue to threaten store cards

CATEGORY DATA

Financial Cards and Payments in the US - Industry Overview

EXECUTIVE SUMMARY