The Nilson Report

Issue 1173 | Apr 2020

FEATURED COMPANIES

Companies featured in this issue include:

Canada Purchase Transactions & Brand Market Shares in 2019

Investments & Acquisitions—March 2020

Market Shares of Purchase Transactions in Canada 2000–2019

Canada General Purpose Cards 2019 vs. 2018

Canada Credit Card Purchase Volume in Canadian Dollars 2015–2019

General Purpose Credit Card Issuers in Canada 2019—Ranked by Outstandings

Canada Market Shares of Visa & Mastercard Outstandings 2019

General Purpose Credit Card Issuers in Canada 2019—Ranked by Outstandings

The 25 issuers of Visa, Mastercard, and American Express credit cards in Canada shown in the issue held outstandings of $81.54 billion at year-end 2019, an increase of 3.4% from the prior year. The top 4 are shown below.

1. TD Bank
$15.59 billion outstandings, –0.6%
2. RBC Royal Bank
$15.49 billion outstandings, +4.4%
3. CIBC
$9.93 billion outstandings, +0.2%
4. Desjardins
$8.95 billion outstandings, +7.2%

Full access to the General Purpose Credit Card Issuers in Canada 2019—Ranked by Outstandings results is available when you subscribe to The Nilson Report.

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POSTED APR 16, 2020 | PRINT

Canada Credit Card Issuers

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

Issuers of Visa, Mastercard, and American Express credit cards in Canada based on year-end 2019 outstandings are shown on pages 8 and 9. Figures include all consumer, small business, and commercial credit cards. TD Bank was the largest credit card issuer in Canada based on outstandings at year-end 2019. The bank’s market share of Visa and Mastercard outstandings slipped to 18.50% in 2019 from 19.25% in 2018. The best year-over-year growth in outstandings among the top 10 credit card issuers in Canada was achieved by BMO (up 7.5%), followed by Desjardins (up 7.2%), PC Bank (up 6.2%), and Scotiabank (up 5.1%).

RBC Royal Bank was the largest credit card issuer in Canada based on purchase volume and total volume in 2019. The bank was also Canada’s top credit card issuer based on the number of purchase transactions.

The best year-over-year growth in purchase volume among the 10 largest issuers was led by Desjardins (up 15.0%) and Scotiabank (up 10.2%).

The best year-over-year growth in purchase transactions among the 10 largest issuers was led by Desjardins (up 14.5%), Capital One (up 11.8%), and Scotiabank (up 10.3%).

Among companies that solely issue commercial cards (U.S. Bank, Citi, JPMorgan Chase, Bank of America, and Comdata), Comdata had the highest percentage increase in purchase volume (up 14.1%), followed by Bank of America (up 9.2%), and JPMorgan Chase (up 7.1%).



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