Nilson Report

Issue 1155 | Jun 2019


Companies featured in this issue include:

Top Issuers of Commercial Cards in the U.S. 2018—Ranked by Purchase Volume

Investments & Acquisitions—May 2019

Top General Purpose Acquirers in Middle East and Africa 2018

Largest Visa/Mastercard Merchant Acquirers in Middle East and Africa 2018

U.S. Merchant Card Fees 2018

U.S. Visa & Mastercard Commercial Card Issuers 2018

U.S. Visa & Mastercard Purchasing & Fleet Cards

U.S. Visa & Mastercard Small Business Credit Cards

U.S. Visa & Mastercard Small Business Debit Cards

U.S. Visa & Mastercard Prepaid Cards

U.S. Visa & Mastercard Corporate Cards

Top U.S. Visa & Mastercard Purchasing and Fleet Cards

The chart on page 10 ranks the 46 largest issuers of purchasing and fleet cards in the U.S. The five largest are listed here based on purchase volume in 2018.

Bank of America
$45.19 billion purchase volume, +5.5%
U.S. Bank
$39.02 billion purchase volume, +9.4%
JPMorgan Chase
$38.95 billion purchase volume, +11.6%
$35.86 billion purchase volume, +19.5%
Wells Fargo
$32.92 billion purchase volume, +9.3%

Full access to the Top U.S. Visa & Mastercard Purchasing and Fleet Cards results is available when you subscribe to The Nilson Report.



Top U.S. Commercial Card Issuers

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

The largest issuers of Visa and Mastercard commercial credit, debit, and prepaid card products are ranked by purchase volume generated in 2018 on pages 9, 10, and 11. Purchasing, corporate travel and entertainment (T&E), fleet, small business credit, small business debit, and prepaid (government benefits, incentives, rewards, etc.) are included. 

The largest U.S. commercial credit card issuer was JPMorgan Chase based on purchase volume tied to its corporate T&E, purchasing, fleet, and small business credit cards in circulation. Chase has held the top position since 2004 when it moved ahead of Citibank. In 2018, Chase commercial credit card purchase volume was $129.83 billion, up 12.1% from 2017. Bank of America remained second largest among U.S. commercial credit card issuers with purchase volume of $95.56 billion last year, up 8.7% from 2017. U.S. Bank was the third largest commercial credit card issuer with purchase volume of $68.43 billion, up 8.3%.

Bank of America remained the top issuer when measuring purchase volume from small business debit and commercial prepaid cards combined, which totaled $40.74 billion, up 3.8%. Wells Fargo ranked second with $38.24 billion, up 8.4%. The Bancorp Bank ranked third with purchase volume of $31.12 billion, up 11.3%, followed by Comerica Bank with $20.29 billion, up 5.8%, and MetaBank with $19.85 billion, up 8.9%.

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