Private label store credit cards generated $207.81 billion in purchase volume in 2021, an increase of 14.7%. By comparison, American Express, Discover, Mastercard and Visa general purpose credit cards generated purchase volume of $4.565 trillion in 2021, up 25.8%. Store card outstanding receivables dipped 0.8% last year to $116.49 billion. Outstandings on general purpose credit cards grew by 7.7% to $932.85 billion. The number of private label store credit cards in circulation as of December 31, 2021 was 300.6 million, a decline of 10.1% from the prior year. The drop was mostly due to a ...