Nilson Report

Issue 1214 | Feb 2022


Companies featured in this issue include:

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

Market Shares of Outstandings for Top U.S. Issuers in 2021

Top 20 U.S. Credit Cards Issuers—Ranked by Outstandings, Purchase Volume, Purchase Transactions and Cards 2021

U.S. Mastercard and Visa Credit Card Issuers—Purchase Transactions

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

Global Brand General Purpose Cards

Publicly Traded Companies in Payments

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

U.S.-based issuers of Visa and Mastercard credit cards generated 39.45 billion transactions for purchases of goods and services in 2021. The five largest issuers are ranked below based on purchase transactions in 2021.

1. Chase, Delaware
11.26 million purchase transactions
2. Capital One, Virginia
5.19 million purchase transactions
3. Citi, South Dakota
4.66 million purchase transactions
4. Bank of America, Delaware
4.53 million purchase transactions
5. U.S. Bank, Ohio
1.48 million purchase transactions

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

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Global Brand Cards —Midyear 2021

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

From January 1 to June 30, 2021, Visa, UnionPay, Mastercard, JCB, Diners Club/Discover and American Express brand credit, debit and prepaid cards collectively generated 259.47 billion purchase transactions for goods and services worldwide. This was up 31.9% from the same period in 2020. 

UnionPay restated downward its midyear 2020 figures from those that we published in issue #1187.

Based on total credit, debit and prepaid card purchase transactions, Visa maintained its position as the most widely used global brand with a market share of 40.25%. However, this was a decline from 43.94% in 2020. 

UnionPay continued as the second largest brand, improving its position to 31.90% from 25.90%. While UnionPay continues to aggressively expand card-issuing partnerships worldwide, its home country of China still accounts for over 90% of its transactions. Mastercard’s market share declined to 24.73% from 26.56%. American Express slipped to 1.66% from 1.90%, JCB went down to 0.85% from 1.03% and Diners Club/Discover dropped to 0.61% from 0.67%.

Purchase volume for the first six months of 2021 was a combined $15.679 trillion, an increase of 19.7%.

When measuring credit, debit and prepaid card purchase volume, UnionPay maintained the top spot. For the first six months of 2021, it held a market share of 44.33%, which was down from 45.19% for the same period in 2020. 

Visa’s market share grew to 32.79% from 32.08%. Mastercard’s market share increased to 17.60% from 17.23%. American Express’s share slipped to 3.70% from 3.85%. 

JCB’s share went down to 0.98% from 1.07% and Diners Club/Discover increased to 0.60% from 0.58%.

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