Issue 1258

Award-winning business intelligence, payment card statistics, industry news, and dozens of executive contacts in every issue. Subscribers receive 22 issues a year.

Newsletter

Capital One to Buy Discover

Buying Discover would make Capital One the only full-service commercial bank in the US with ownership of a global merchant network. In the US, that network has about 99% parity with the Visa and Mastercard networks. Capital One will benefit from direct connections to merchants not available to issuers in the Visa and Mastercard systems unless they also acquire transactions from those merchants.

Featured Chart

Largest US Issuers of General Purpose Credit Cards

The eight largest issuers of Visa, Mastercard, American Express and Discover cards in the US generated $4.642 trillion in purchase volume in 2023, which was 79.76% of the industry total.

Featured Companies

The following companies are featured in this issue of the Nilson Report. News about companies appears in feature articles, as well as in the First Look and Management Changes sections of the newsletter. To submit general information about your company, or to share news with us, please contact us.

Message from the Publisher

This issue features our ranking of the 50 largest US issuers of Mastercard and Visa credit cards, results of a survey we have published annually for more than 40 years. Figures we publish are received directly from the issuers not from call reports. They include commercial card products, which are not typically included in a company’s published results. Also included here is our coverage of the proposed takeover of Discover by Capital One. Adjusted for inflation, the deal would be the third largest in the history of the payment card industry

David Robertson, Publisher
February 29, 2024

ARTICLES IN THIS ISSUE

CHARTS IN THIS ISSUE

Eight Largest US Issuers of General Purpose Credit Cards—Ranked by Purchase Volume in 2023

Comparison of General Purpose Card Issuers 2023 vs. 2018

The 30 Largest US Credit Card Issuers–2023

Market Shares of the 5 Largest Credit Card Outstanding Portfolios

Largest Acquisitions in the Payment Card Industry

Market Shares of Outstandings at the 5 Largest US General Purpose Credit Card Issuers since 2010

Top 15 Mastercard and Visa Credit Card Issuers in the US–Ranked by Outstandings 2017 through 2023

Top 50 Mastercard and Visa Credit Card Issuers in the US

Publicly Traded Companies in Payments, February 26, 2024

FEATURED STATISTICS

TOP 50 MASTERCARD AND VISA CREDIT CARD ISSUERS IN THE US

The 50 largest US issuers of Mastercard and Visa credit cards collectively owned $911.53 billion in outstanding receivables at the end of 2023. The four largest are listed here.

1. JPMorgan Chase
$211.12 billion

2. Citi
$138.47 billion

3. Capital One
$135.25 billion

4. Bank of America
$117.14 billion

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

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