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Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007

What are the largest card issuers?

I am curious. How does the card issuers rank by the number of cards they have issued? Who is the largest card issuer and how others rank in terms of number cards issued by bank? Any ideas?
Established Contributor
unknown_entity
Posts: 853
Registered: ‎03-21-2008

Re: What are the largest card issuers?

Since the merger with MBNA, Bank of America is the number one issuer of cards in the U.S. :smileywink:
07/26/2007 TU-688
EQ-656
EX-649
Established Contributor
unknown_entity
Posts: 853
Registered: ‎03-21-2008

Re: What are the largest card issuers?

B of A has over 40 million active credit card accounts. Third largest bank, number one in credit cards. 
07/26/2007 TU-688
EQ-656
EX-649
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007

Re: What are the largest card issuers?

[ Edited ]
2004 numbers-
Already pointed out #3 and #4 combined to be #1
 
Rank Bank Name Outstandings ($ millions) Number of Active Accounts (in thousands)
1 JP Morgan Chase $134,700 42,966
2 Citigroup 115,950 47,880
3 MBNA America 82,118 21,199
4 Bank of America 61,093 18,773
5 Capital One 53,024 24,429
6 HSBC Bank 19,670 13,870
7 Providian 18,536 8,726
8 Wells Fargo 13,455 2,789
9 U.S. Bancorp 10,578 4,056
10 USAA Federal Savings 7,104 1,956
  Total $516,228 186,644
Source: American Banker


Message Edited by Timothy on 05-20-2008 09:20 PM
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007

Re: What are the largest card issuers?

interesting article googling for the answer-
 
 

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