Credit Card Market Opportunities And Strategies To 2034 Featuring 120 Companies And Financial Institutions, Including Capital One Financial, American Express, Jpmorgan Chase & Co, Citigroup, And Bank Of America

(MENAFN- GlobeNewsWire - Nasdaq) Dominated by Asia-Pacific, with reward cards leading growth, the market sees innovation through partnerships and premium offerings. Discover top trends and opportunities for key players.

Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Credit Card Market Opportunities and Strategies to 2034" report has been added to ResearchAndMarkets.com's offering.
This report describes and explains the credit card market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global credit card market reached a value of nearly $608.71 billion in 2024, having grown at a compound annual growth rate (CAGR) of 9.01% since 2019. The market is expected to grow from $608.71 billion in 2024 to $935.19 billion in 2029 at a rate of 8.97%. The market is then expected to grow at a CAGR of 8.25% from 2029 and reach $1.39 trillion in 2034.
Growth in the historic period resulted from the Rising influence of monetary policies and central bank decisions, availability of low-cost credit cards, growing rewards and loyalty programs and growing adoption of buy-now-pay-later schemes. Factors that negatively affected growth in the historic period were stringent regulatory policies and rising consumer debt.
Going forward, the rise in e-commerce, growth in contactless payments, rising smartphone penetration and growth in international travel will drive the growth. Factor that could hinder the growth of the credit card market in the future include fraud and cybersecurity concerns and high interest rates.
Asia-Pacific was the largest region in the credit card market, accounting for 32.09% or $195.31 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the credit card market will be Asia-Pacific and Africa where growth will be at CAGRs of 11.65% and 9.99% respectively. These will be followed by North America and Eastern Europe where the markets are expected to grow at CAGRs of 8.55% and 7.94% respectively.
The global credit card market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 9.71% of the total market in 2023. Capital One Financial Corporation was the largest competitor with a 4.60% share of the market, followed by American Express Company with 0.65%, JPMorgan Chase & Co with 0.64%, Citigroup Inc with 0.62%, Bank of America Corporation with 0.60%, Synchrony Financial with 0.56%, Bank of China Limited with 0.54%, UBS Group AG with 0.52%, Barclays plc with 0.50% and U.S. Bancorp with 0.48%.
The credit card market is segmented by type into reward card, credit builder card, travel credit card, balance transfer card and other types. The reward card market was the largest segment of the credit card market segmented by type, accounting for 40.92% or $249.09 billion of the total in 2024. Going forward, the credit builder card segment is expected to be the fastest growing segment in the credit card market segmented by type, at a CAGR of 11.13% during 2024-2029.
The credit card market is segmented by card type into base, signature and platinum. The base market was the largest segment of the credit card market segmented by card type, accounting for 53.24% or $324.07 billion of the total in 2024. Going forward, the platinum segment is expected to be the fastest growing segment in the credit card market segmented by card type, at a CAGR of 12.46% during 2024-2029.
The credit card market is segmented by service provider into Visa, Mastercard, Unionpay and other service providers. The Visa market was the largest segment of the credit card market segmented by service provider, accounting for 37.14% or $226.04 billion of the total in 2024. Going forward, the Unionpay segment is expected to be the fastest growing segment in the credit card market segmented by service provider, at a CAGR of 12.95% during 2024-2029.
The top opportunities in the credit card market segmented by type will arise in the reward card segment, which will gain $132.4 billion of global annual sales by 2029. The top opportunities in the credit card market segmented by card type will arise in the base segment, which will gain $128.34 billion of global annual sales by 2029. The top opportunities in the credit card market segmented by service provider will arise in the Visa segment, which will gain $106.91 billion of global annual sales by 2029. The credit card market size will gain the most in the USA at $74.26 billion.
Market-trend-based strategies for the credit card market include focus on enhancing financial services through strategic partnerships and innovation, focus on elevating luxury and exclusivity with premium metal credit cards, focus on empowering small businesses with tailored financial solutions and global sourcing benefits and focus on enhancing travel experiences with exclusive rewards and cost-saving benefits.
Player-adopted strategies in the credit card market include focus on expanding business capabilities through partnership and focus on expanding manufacturing capabilities through innovative product launch.
To take advantage of the opportunities, the analyst recommends the credit card companies to focus premium metal cards to target high-spending consumers, focus on expanding tailored credit card solutions for business users, focus on developing specialized travel credit cards, focus on the credit builder card segment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships for distribution expansion, focus on developing competitive and flexible pricing strategies, focus on targeted digital marketing campaigns, focus on strategic partnerships and collaborations, focus on targeting consumer segments with tailored solutions.
Major Market Trends

• Enhancing Financial Services Through Strategic Partnerships and Innovation
• Elevating Luxury and Exclusivity With Premium Metal Credit Cards
• Empowering Small Businesses With Tailored Financial Solutions and Global Sourcing Benefits
• Enhancing Travel Experiences With Exclusive Rewards and Cost-Saving Benefits

Markets Covered:

1) by Type: Reward Card; Credit Builder Card; Travel Credit Card; Balance Transfer Card; Other Types
2) by Card Type: Base; Signature; Platinum
3) by Service Provider: Visa; MasterCard; UnionPay; Other Service Providers
Key Companies Profiled: Capital One Financial Corporation; American Express Company; JPMorgan Chase & Co; Citigroup Inc.; Bank of America Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; credit card indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Key Attributes

Report Attribute	Details
No. of Pages	347
Forecast Period	2024-2034
Estimated Market Value (USD) in 2024	$608.71 Billion
Forecasted Market Value (USD) by 2034	$1.39 Trillion
Compound Annual Growth Rate	8.6%
Regions Covered	Global

The companies featured in this Credit Card market report include:

• Capital One Financial Corporation
• American Express Company
• JPMorgan Chase & Co
• Citigroup Inc.
• Bank of America Corporation
• Synchrony Financial
• Bank Of China Limited
• UBS Group AG
• Barclays Plc
• DealMe
• Visa
• IDEX Biometrics
• LIFE CARD
• CRED
• Axis Bank
• Federal Bank Limited
• CITIC Bank
• HSBC Australia
• Star Alliance
• National Australia Bank (NAB)
• Change Financial Limited
• Kona I Co., Ltd
• Afterpay Limited
• Tyro Payments Limited
• POLi Payments Pty Ltd
• DBS Bank
• IndusInd Bank Limited
• State Bank of India
• Punjab National Bank
• HDFC Bank
• ICICI Bank
• Canara Bank
• Union Bank of India
• Indian Overseas Bank
• Central Bank of India
• Kotak Mahindra Bank
• Bank of Maharashtra
• Sony Bank, Inc
• Rakuten Group, Inc
• PayPay Corporation
• Kakao Pay
• JCB Co., Ltd
• GMO Payment Gateway ("GMO-PG")
• Komoju
• PayPay
• LinePay
• China Construction Bank
• Agricultural Bank of China
• Postal Savings Bank of China
• Industrial & Commercial Bank of China
• Bank of China
• China Merchants Bank
• Visa Inc
• Tink AB
• CaixaBank, S.A
• Commerzbank AG
• Pliant
• Curve
• Worldline SA
• Credit Agricole Group
• Deutsche Bank
• Conferma Limited
• Interactive Transaction Solutions (ITS) Ltd
• Commerzbank
• Bling Card
• GLS Bank
• PAYA Group
• Klarna Bank AB
• Adyen
• M&S Bank
• Sainsbury Bank
• Barclaycard
• Brite Payments
• Aqua
• TF Bank
• Advanzia Bank
• PayPal
• Worldpay
• Xsolla
• Mastercard
• Alior Bank
• Tinkoff Bank
• Sberbank
• DotPay
• Przelewy24
• Tap2Pay
• eCard S.A.
• Transferuj.pl
• NerdWallet
• Wellfound
• Square
• Toronto-Dominion Bank
• PayJoy
• Loop Financial Inc
• Neo Financial
• Klar
• Scotiabank
• Nilson
• TryKeep
• TD Bank
• Jeeves Inc
• Elo
• Uala
• Pomelo
• Inc
• Nomad
• EBANX
• Nuvei
• Saudi National Bank
• Saudi Awwal Bank
• Emirates NBD
• American Express
• Mashreq
• Co-operative Bank (Kenya)
• I&M Bank Limited
• TymeBank
• African Bank
• Stanbic Bank Ghana

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• Credit Card Market

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