Mentioned Companies:

Citi to Buy Costco Portfolio

American Express will sell its Costco U.S. co-branded card portfolio to Citibank. The transaction is expected to close in June 2016. American Express estimates it will book a gain of approximately $1 billion above the value of the outstandings in the Costco portfolio, which were $13.75 billion as of December 31, 2015. When the sale is completed, all eligible Costco/Amex co-branded accounts will be converted to Visa cards issued by Citi. Costco had been in an exclusive credit card issuing and acceptance contract with American Express since 2000. In March 2015, Costco announced an exclusive n...

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February 2016
Headlines in this Issue
Charts in this Issue

Top Issuers of U.S. General Purpose Credit Cards 2015

Shares of Purchase Volume for U.S. Credit Card Issuers 2015

Top 20 Credit Card Issuers Purchase Volume

Top 20 Credit Card Issuers Outstandings

Top Visa Credit Card Issuers

Top MasterCard Credit Card Issuers

Top General Purpose Credit Card Issuers

Top Credit Card Issuers Total Volume

Top Credit Card Issuers Purchase Transactions

50 Largest Visa & MasterCard Credit Card Issuers – Ranked by Outstandings