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Regular Contributor
Posts: 294
Registered: ‎11-07-2016

The biggest issuer is CITI

Interesting article: https://www.nerdwallet.com/blog/credit-cards/credit-card-issuer-and-network-statistics/

 

Apparently the top 5 card issuers by value of credit lines are

 

  1. Citi
  2. Chase
  3. BoA
  4. Cap1
  5. Synchony

Just found this interesting that's all haha


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Valued Contributor
Posts: 2,055
Registered: ‎02-14-2016

Re: The biggest issuer is CITI


GrasshopperStudent wrote:

Interesting article: https://www.nerdwallet.com/blog/credit-cards/credit-card-issuer-and-network-statistics/

 

Apparently the top 5 card issuers by value of credit lines are

 

  1. Citi
  2. Chase
  3. BoA
  4. Cap1
  5. Synchony

Just found this interesting that's all haha


makes me chuckle slightly. 

Citi and Chase are 2 of my smallest limit lenders so far, BofA still won't let me in at all, Cap1 and Synch are at 9-10k and won't budge after a year.

Established Contributor
Posts: 776
Registered: ‎04-28-2016

Re: The biggest issuer is CITI

Note this excludes Amex charge cards, and only shows Amex's revolvers.

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Re: The biggest issuer is CITI

Citi ?! How in the world Smiley Surprised...
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Re: The biggest issuer is CITI


Creditplz wrote:
Citi ?! How in the world Smiley Surprised...

My thoughts exactly!


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Re: The biggest issuer is CITI

Didn't read the article, but i'd imagine the Costco portfolio has a lot to do with this.
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Re: The biggest issuer is CITI


Creditplz wrote:
Citi ?! How in the world Smiley Surprised...

The top 3 are the old brick and mortar banks... doesn't surprise me in the slightest given historical typical consumer behavior.

 

Costco portfolio maybe, but remember we're the outliers here, originally most people run their entire financial lives through the institution they started with and I don't think that's changed astoundingly much other than maybe the newer generations who have access to much more information.

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Re: The biggest issuer is CITI


Revelate wrote:

Creditplz wrote:
Citi ?! How in the world Smiley Surprised...

The top 3 are the old brick and mortar banks... doesn't surprise me in the slightest given historical typical consumer behavior.

 

Costco portfolio maybe, but remember we're the outliers here, originally most people run their entire financial lives through the institution they started with and I don't think that's changed astoundingly much other than maybe the newer generations who have access to much more information.


But versus Chase and BoA? Citi has many many fewer branches.


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Re: The biggest issuer is CITI

[ Edited ]

GrasshopperStudent wrote:

Revelate wrote:

Creditplz wrote:
Citi ?! How in the world Smiley Surprised...

The top 3 are the old brick and mortar banks... doesn't surprise me in the slightest given historical typical consumer behavior.

 

Costco portfolio maybe, but remember we're the outliers here, originally most people run their entire financial lives through the institution they started with and I don't think that's changed astoundingly much other than maybe the newer generations who have access to much more information.


But versus Chase and BoA? Citi has many many fewer branches.


Think that's true now but historically before BOFA acquired NationsBank and before Chase started putting up a new branch every 2 miles in some places (that was about 5 years ago out here) when the majority of population was getting their bank accounts and credit cards with the institutions likely their parents had relationships with?

 

Not so certain about that and at least pre-crisis and divestiture Citi had a staggering amount of assets under management; then again if I had to guess Costco cardholders are probably on the order of 30-40M?  That is a lot admittedly.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 693, EX 2 719, EQ 8 732, TU 8 732, EX 8 728 (2/01/17)
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Re: The biggest issuer is CITI

My parents always banked with WF.. 6 mortgages, HELOC, CC's, about 10 auto loans, Business banking and credit products... in their 25 year marriage, still don't understand why, I hate WF.

It's funny cause when I went to college I finally ordered a debit card and it said "customer/client since 1993"... I'm only 29 now 😂

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