The Top 10 Credit Card Issuers in the World

The World’s Top 10 Credit Card Issuers based on year-end 2009 data are listed below:

1. Bank of America (BAC)

2. Chase (JPM) – Had 119.4 million cards in circulation in the US

3. Citibank (C) – Had 92 million cards in circulation in the US

4. American Express (AXP)

5. Capital One (COF) – Holds 6.95% of the US credit card market

6. HSBC (HBC) -Is the sixth largest issuer worldwide and holds just 2.05% of the US market

7. Discover (DFS) – Had 54.4 million cards in circulation

8. Wells Fargo (WFC) – Had 17.3 million cards in circulation

9.  Barclays (BCS)

10. Llyods Group (LYG)

Source: and Nilson Report, via CNBC

Except for HSBC, Barclays and Llyods, the rest of them are US-based issuers. While the US credit card issuers enjoyed great growth rates in the pre-credit crisis period, it remains to be seen how they would fare in the “new normal”.

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