Nilson Report

Issue 1192 | Feb 2021


Companies featured in this issue include:

Top Issuers of General Purpose Credit Cards in the U.S.–Purchase Volume

Market Shares of Outstandings for Top U.S. Issuers in 2020

Top U.S. Credit Card Issuers in the U.S.

Top 50 Visa and Mastercard Credit Card Issuers in the U.S.

Top 50 Visa and Mastercard Credit Card Issuers in the U.S.

The 50 largest issuers of Visa and Mastercard credit cards in the U.S. are ranked by outstanding receivables as of December 31, 2020. The total for that group was $634.19 billion, down 14.3%. The 5 largest are listed here.

1. JPMorgan Chase, Delaware
$144.22 billion outstandings, -14.6%
2. Citi, South Dakota
$100.82 billion outstandings, -12.9%
3. Capital One, Virginia
$87.93 billion outstandings, -17.9%
4. Bank of America, Delaware
$87.24 billion outstandings, -18.9%
5. U.S. Bank, Ohio
$37.20 billion outstandings, -10.2%

Full access to the Top 50 Visa & Mastercard Credit Card Issuers results in the U.S. is available when you subscribe to the Nilson Report.



Top 50 U.S. Issuers of Visa and Mastercard Credit Cards

Please note: Only subscribers can access the charts included with this article.

The 50 largest issuers of consumer and commercial credit cards carrying the Visa and Mastercard brands held $634.19 billion in outstanding receivables at year-end 2020. This was a decline of 14.3% from year-end 2019. New to the top 50 was Continental Finance with a 43.2% increase in outstandings. There were only 6 other issuers among the top 50 that showed increases in outstandings—Goldman Sachs (up 129.8%), VyStar CU (up 12.0%), MUFG Union Bank (up 9.5%), Pentagon FCU (up 2.2%), Navy FCU (up 0.2%) and First Premier Bank (up 0.1%).

Among the 50 largest issuers ranked by purchase volume, there were 10 that had increases. Those included Goldman Sachs (up an estimated 121.2%), CIT Bank (up 20.0%), Mountain America CU (up 19.4%), MUFG Union Bank (up 12.3%), First Premier Bank (up 12.1%), America First CU (up 9.7%), First Citizens Bank (up 5.6%), Navy FCU (up 4.6%), UMB Bank (up 3.1%) and Credit One Bank (up 2.6%).

Among the 50 largest ranked by credit card outstandings were 13 credit unions. At those issuers, outstandings were a collective $27.88 billion, down only 1.6% over year-end 2019. By comparison, the industry average was a decline of 15.2%. 

There were 5 credit unions that ranked among the top 50 based on purchase volume, Collectively, those credit unions totaled $34.55 in purchase volume last year, up 4.1%. By comparison, the industry average was a decline of 7.4%.

Prior issues: 1170, 1148, 1126, 1104, 1081

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