topic Re: Most popular credit card in Credit Cards

Most popular credit card

Knowname — Sun, 30 Mar 2014 13:37:02 GMT

Hi all. I am cuirous to know where can I find credit card stats. I'd like to know which card is the most popular credit card in America and which bank issues the most credit cards in America. My guess is Citibank is probably the most popular bank but I am curious to know

Re: Most popular credit card

Themanwhocan — Sun, 30 Mar 2014 14:38:26 GMT

25% of the money spent using credit cards is spent using American Express cards.

US Bancorp division Elan provides credit cards for over 1700 banks and credit unions. Usually at least 2 cards per company, so thats probably at least 3400 credit cards, and thats not including the cards offered by another US Bancorp division: US Bank, which is supposedly the largest Regional bank.

Or perhaps this is what you are looking for: http://www.americanbanker.com/tools/Cards.html

The question is rather pointless. If you think the most popular cards are the best, well, most people don't understand credit card rewards or what all is available, so the choice of the Herd in this case is meaningless. Conversely, if you want to know what is most popular in order to Avoid the commonplace, that also is meaningless.

Re: Most popular credit card

thom02099 — Mon, 31 Mar 2014 00:15:46 GMT

@Knowname wrote:
Hi all. I am cuirous to know where can I find credit card stats. I'd like to know which card is the most popular credit card in America and which bank issues the most credit cards in America. My guess is Citibank is probably the most popular bank but I am curious to know

Citibank is actually 4th. If you're asking about Credit Card Market Share, here's your answer:

http://www.cardhub.com/edu/market-share-by-credit-card-issuer/

A lot of very interesting information there.

EDIT: This doesn't get in to individual cards, if that's what your asking. Seems like that would be very fluid data, depends on the whims of consumers and their response to marketing techniques. For example, how many folks are responding to Samuel L. Jackson and his Cap 1 Quicksilver commercials?

Re: Most popular credit card

Chris679 — Mon, 31 Mar 2014 00:24:48 GMT

People do love Samuel L Jackson, he is the highest grossing actor of all time

Re: Most popular credit card

wacdenney — Mon, 31 Mar 2014 01:07:03 GMT

@Chris679 wrote:
People do love Samuel L Jackson, he is the highest grossing actor of all time

I can only imagine the surge in apps when they switched from Alec Balwin to Samuel L Jackson!

Re: Most popular credit card

Knowname — Tue, 01 Apr 2014 21:51:04 GMT

very helpful data. I was shocked to see AMEX at the top. I wasn't too surprised to see Chase at the top also. Bank of America surprises me.

I wonder whats the most popular card in use. Those Quicksilver commercials sure do pop up everywhere. But I do see many chase freedom commercials also.

Re: Most popular credit card

thom02099 — Tue, 01 Apr 2014 22:30:54 GMT

@Knowname wrote:
very helpful data. I was shocked to see AMEX at the top. I wasn't too surprised to see Chase at the top also. Bank of America surprises me.

I wonder whats the most popular card in use. Those Quicksilver commercials sure do pop up everywhere. But I do see many chase freedom commercials also.

I think this is a guessing game! Here's one take on that question:

http://www.creditcardchaser.com/popular-credit-cards/

And another take on the same question. This one, I think offers a bit more relevance because it's based on actual analysis of the card, and the "fine print" by the reviewers:

http://www.dailymarkets.com/creditcards/

However, the above comparison appears to not include some of the prestigious regional issuers, such as IberiaBank and Simmons First, both of which frequently get high recommendations.

Re: Most popular credit card

Themanwhocan — Tue, 01 Apr 2014 23:49:22 GMT

@thom02099 wrote:
@Knowname wrote:
very helpful data. I was shocked to see AMEX at the top. I wasn't too surprised to see Chase at the top also. Bank of America surprises me.

I wonder whats the most popular card in use. Those Quicksilver commercials sure do pop up everywhere. But I do see many chase freedom commercials also.

I think this is a guessing game! Here's one take on that question:

http://www.creditcardchaser.com/popular-credit-cards/

And another take on the same question. This one, I think offers a bit more relevance because it's based on actual analysis of the card, and the "fine print" by the reviewers:

http://www.dailymarkets.com/creditcards/

However, the above comparison appears to not include some of the prestigious regional issuers, such as IberiaBank and Simmons First, both of which frequently get high recommendations.

Sorry, i always find those types of sites to be almost worthless. They know nothing about which cards are best. All they know is whats best for the companies that pay them to be listed as the best. Or pay them via special signup offers available from their site.

For example, on dailymarkets, click on the link for Gas Cards. They only have 3 gas cards? BCE with its 2% on gas (I wonder how they missed the BCP...), a Business card that offers 2% on gas, and Lo and Behold the winner is Bank of America with its 3% on Gas. How's THAT for honest reporting...

I suppose they COULD have completely missed all the other cards that provide 5% on Gas Station purchases... But how could they know about the BCE and not the BCP?

EDIT: Canada only has 2 credit cards? I guess MBNA has that market cornered...

Re: Most popular credit card

thom02099 — Wed, 02 Apr 2014 04:22:27 GMT

@Themanwhocan wrote:
@thom02099 wrote:
@Knowname wrote:
very helpful data. I was shocked to see AMEX at the top. I wasn't too surprised to see Chase at the top also. Bank of America surprises me.

I wonder whats the most popular card in use. Those Quicksilver commercials sure do pop up everywhere. But I do see many chase freedom commercials also.

I think this is a guessing game! Here's one take on that question:

http://www.creditcardchaser.com/popular-credit-cards/

And another take on the same question. This one, I think offers a bit more relevance because it's based on actual analysis of the card, and the "fine print" by the reviewers:

http://www.dailymarkets.com/creditcards/

However, the above comparison appears to not include some of the prestigious regional issuers, such as IberiaBank and Simmons First, both of which frequently get high recommendations.

Sorry, i always find those types of sites to be almost worthless. They know nothing about which cards are best. All they know is whats best for the companies that pay them to be listed as the best. Or pay them via special signup offers available from their site.

For example, on dailymarkets, click on the link for Gas Cards. They only have 3 gas cards? BCE with its 2% on gas (I wonder how they missed the BCP...), a Business card that offers 2% on gas, and Lo and Behold the winner is Bank of America with its 3% on Gas. How's THAT for honest reporting...

I suppose they COULD have completely missed all the other cards that provide 5% on Gas Station purchases... But how could they know about the BCE and not the BCP?

EDIT: Canada only has 2 credit cards? I guess MBNA has that market cornered...

I don't disagree with you on the value of these lists. They are for entertainment purposes. The question was, which ones are POPULAR, not necessarily which ones are BEST. As I said, two takes on what's popular; I'm sure there are other measures of popularity.

If you polled folks on credit forums a few months ago, the Duck/Beaver frenzy would have probably propelled those cards to the top in popularity. Cap 1's Quicksilver is benefiting from a much better marketing plan with Samuel L Jackson vs Alec Baldwin, who's gotten a lot of negative press lately. And that's probably reflected in the popularity of QS in credit forums. Now that AMEX has rolled out 2 new cards, my guess is the interest will make them very popular, and it will likely increase as AMEX really rolls out the marketing. I remember about 5-6 years ago, 1st Command Bank was very popular on credit forums; other regional banks have had their share of popularity. DCU? NFCU? PenFed? Popularity fluctuations for them as well. Guess it's all about what folks are talking about, how successful a company is in marketing themselves.

Re: Most popular credit card

TiggerDat — Wed, 02 Apr 2014 11:39:18 GMT

@thom02099 wrote:
@Knowname wrote:
Hi all. I am cuirous to know where can I find credit card stats. I'd like to know which card is the most popular credit card in America and which bank issues the most credit cards in America. My guess is Citibank is probably the most popular bank but I am curious to know

Citibank is actually 4th. If you're asking about Credit Card Market Share, here's your answer:

http://www.cardhub.com/edu/market-share-by-credit-card-issuer/

A lot of very interesting information there.

EDIT: This doesn't get in to individual cards, if that's what your asking. Seems like that would be very fluid data, depends on the whims of consumers and their response to marketing techniques. For example, how many folks are responding to Samuel L. Jackson and his Cap 1 Quicksilver commercials?

I found it interesting that Amex was number one for purchase volume, but only number four for outstanding balances. I guess Amex cardholders tend to revolve much less based on how much they spend. I imagine part of this is due to the aspect they do a lot of charge cards, but still yet they have many revolving accounts. I would still imagine that most people who have their revolvers still PIF. Chase ranked number two on spending and number one on revolving debt. Now I wonder what the correlation is on people who have both a Chase and an Amex. Are they the ones who revolve on both Amex and Chase or vice versa?

Re: Most popular credit card

Josh2942 — Wed, 02 Apr 2014 13:08:28 GMT

I did apply for it after that commercial lol. What's in your wallet?

Re: Most popular credit card

thom02099 — Wed, 02 Apr 2014 14:30:55 GMT

What's interesting about "popularity" is that the most popular item doesn't necessarily come from the most popular brand.

Case in point -- for a goodly number of years the Honda Civic was the best selling car in Amerca. But the Honda BRAND at that time was only #4 or #5 in total sales. The Ford F150 truck is the most popular vehicle sold in America, but the Ford BRAND is #3 in total sales, behind GM and Toyota, who keep changing places.

My guess is this holds true for credit cards. A popular card may not come from the best selling BRAND.

Re: Most popular credit card

TrulyyBlessed — Wed, 02 Apr 2014 14:44:08 GMT

@Chris679 wrote:
People do love Samuel L Jackson, he is the highest grossing actor of all time

At first I thought that was a joke until someone told me he really is...lol. You learn something new everyday!

Re: Most popular credit card

Anonymous — Wed, 02 Apr 2014 15:59:28 GMT

I am surprised Cabela’s WFB made that list

Re: Most popular credit card

ztnjpv — Wed, 02 Apr 2014 16:28:57 GMT

Couple of things to add to the thread:

1. Samuel L Jackson didn't "replace" Alec Baldwin. Jackson, in a sense, replaced Fallon because the green Cash Rewards card was replaced by the Quicksilver. The Venture card's ads have definitely slowed down though. No more Alec it seems...due to his negative air about him. I still see a Venture commercial every now and then...just not with Baldwin. I saw one with Charles Barkely and someone else the other day.

2. What the OP might have meant by the question that never seems to get answered is the matter of which is the most issued card. As others have said, it's not an easy question to answer. It probably changes all the time. I am sure the Quicksilver has been helping CapOne ramp up its card count. Is it #1? I doubt it...but who knows. Freedom or Discover It (or previous versions) are a likely candidate but my best guess is that it might be an unassuming, no frills, non-rewards card by a large card issuer. A simple CapOne card with a lower rate or easy terms? Maybe. Chase Slate or Citi Simplicity? A simple BankAmericard? Maybe. Why? Well, I try not to project my interests onto the population at large. I like rewards cards but I try not to assume that that is what everyone is getting. I know most people actually balances on their cards so I assume it's just a low interest card or something like that.

Re: Most popular credit card

heyitsyeh — Wed, 02 Apr 2014 17:49:24 GMT

Alot of my friends who don't frequent this forum carry Freedom and Quicksilver...that should be telling on universally agreed-to-be-good cards.