United States Credit Card Market Outlook 2023-2026: Adoption Rates, Usage Frequency, and Payment Value have Reached New Highs – & More Trending News



DUBLIN–(BUSINESS WIRE)–The “2023 US Credit Card Market Outlook” report has been added to’s providing.

The 2023 Credit Card Market Outlook report supplies complete steerage on developments shaping bank card development – together with co-branded and non-public label playing cards, financial institution issuers, and card networks – and forecasts cost worth development via 2026.

Credit playing cards have come out of the pandemic stronger than ever: Adoption charges, utilization frequency, and cost worth have every reached new highs – and continued cost worth development is predicted. But a number of challenges await, together with utilization normalization and the prospect of recession; purchase now, pay later competitors; and regulatory scrutiny of key income streams.

More particularly, the report:

  • Trends and forecasts bank card cost worth by main cost community, together with bank cards, debit playing cards, shopper bank cards, and small enterprise bank cards.
  • Analyzes bank card utilization developments by cost community, together with normal, signature, small enterprise, and different card sorts, with demographic evaluation – and bank card utilization developments by financial institution issuer, with demographic evaluation.
  • Analyzes reward card developments, together with share of card spend total and kind of reward earned (money, factors, miles).
  • Trends co-branded and non-public label bank card utilization by card kind/model, with demographic evaluation.
  • Trends and analyzes family debt and spending behaviour, together with mortgage delinquencies, the debt service ratio, energetic bank card customers, share of shopper cost quantity and worth made by cost methodology, and normal-objective bank card cost worth share of shopper expenditures.
  • Trends and analyzes essential bank card metrics, together with account development charges and utility charges, future utility intention, excellent bank card balances, and share of customers who revolve their bank card balances.
  • Identifies and analyzes bank card regulation ache factors, together with curiosity, late charges, and service provider charges.
  • Analyzes bank card innovation developments, together with journey and leisure portals, increasing credit score entry; developments in digital cost service utilization by Digital pockets, with demographic evaluation; and analyzed contactless cost utilization for digital wallets and playing cards, with demographic evaluation.

Companies Featured:

  • VISA
  • AMEX
  • Wells Fargo
  • TD Bank
  • Goldman Sachs
  • Synchrony Financial
  • American Express
  • Delta
  • Capital One
  • Kohl’s
  • PayPal
  • Venmo
  • Zelle
  • Apple Pay
  • Cash App/Square Cash
  • Google Pay

Key Topics Covered:

Chapter 1: Executive Summary

  • Scope of Report
  • Report Methodology
  • Market Overview
  • Macro Trends
  • Credit Card Industry Drivers
  • Credit Card Regulation Trends
  • Credit Card Payment Value Trends
  • Credit Card Usage Trends by Payment Network and Bank Issuer
  • Credit Card Usage Trends by Payment Network
  • Credit Card Usage Trends by Bank Issuer
  • Rewards, Co-Branded, and Private Label Credit Card Usage Trends
  • Credit Card Innovation Trends

Chapter 2: Macro Trends

  • Staying Strong: Household Debt and Spending Trends
  • Household Debt Balances Above Pre-Pandemic Levels by $2.4 Trillion
  • Delinquency Rates on Current Debt Rise
  • But Household Debt Service Ratio Remains Well Below Great Recession Levels
  • But Spending Remains Robust
  • Card-Based Spending Remains Strong
  • Travel Spending Passes Pre-Pandemic Levels
  • Credit Card Payments Lead the Consumer Payment Charge
  • Cards Are More Prevalently Used Than Cash
  • Consumers Use Credit Cards for More Than One-Quarter of Their Payments
  • Credit Card Dollar Share of Consumer Payments Surpasses Debit
  • General-Purpose Credit Cards Pick Up Consumer Spending Share
  • Digital Engagement Strengthens
  • Online/Remote Payments Share on the Rise
  • Alternative Payments: An Increasingly Competitive Threat
  • Credit Card Issuers Adopt Payment Flexibility Features to Adapt

Chapter 3: Credit Card Industry Drivers

  • Expect Normalization
  • U.S. Quarterly Credit Card Account Growth Plateaus
  • Credit Card Application Trends Remain Strong
  • Application Rates Soar Above Pandemic Lows
  • High-Fico Skew
  • Future Application Intention Bodes Well for Demand
  • Credit Card Balances and Delinquencies Jump in 2022
  • The Card Revolver Situation
  • Consumer Revolving Behavior
  • Credit Card Revolving Behavior: Demographics

Chapter 4: Credit Card Regulation Trends

  • Credit Card Interest on the Chopping Block?
  • Credit Card Late Fees within the Crosshairs
  • Credit Card Competition Act Could Pressure Network Fees
  • CFPB Studies the Impact of Card Line Decreases

Chapter 5: Credit Card Payment Value Trends

  • General-Purpose Credit Card and Debit Card Payment Value Trends
  • Credit Card Payment Value Share Holds Steady
  • Explosive 2022 Credit Card Growth
  • And Record Merchant Fee Revenue
  • General-Purpose Credit Card and Debit Card Payment Value Forecast
  • Beware Regulation That Can Dampen Future Credit Card Growth
  • General-Purpose Card Payment Value by Network: Visa Maintains 50% Share
  • General-Purpose Payment Value Trends: Consumer Vs. Commercial
  • Consumer Credit Card Payment Value Share Grows
  • Visa: Consumer and Commercial Consumer Credit Card Payment Value Leader
  • Small Business Credit Card Payment Value Surpasses $750 Billion
  • Visa Small Business Credit Cards Increase Lead Over American Express

Chapter 6: Credit Card Usage Trends by Payment Network and Bank Issuer

  • General-Purpose Credit Card Usage Trends, by Network
  • Trending within the Right Direction
  • Standard Cards Types Predominate
  • General-Purpose Credit Cards Demographics by Network
  • Chase Tops Bank Issuers
  • More Than a Quarter of U.S. Adults Have at Least One Chase-Branded Credit Card
  • Credit Card Ownership Demographics Among Major Issuers
  • Chase, Citibank, and American Express Cardholders Skew Most to Higher Household Incomes
  • Who Have a Credit Card in Their Own Name)
  • Wells Fargo, Td Bank, and Goldman Sachs Bank Score With Gen Z
  • Hispanic and Black Card Ownership is Less Likely – With Exceptions

Chapter 7: Rewards, Co-Branded, and Private Label Credit Card Usage Trends

  • Credit Cards Are on a Roll
  • Taking a Bite Out of Cash
  • Usage Penetration Surpasses Pre-Pandemic Levels
  • Half of Credit Card Users Have at Least Three Cards
  • Credit Card Rewards Make the World Go Round
  • Rewards Cards Generate 90% of General-Purpose Card Spend
  • Deep Subprime Scorers Are on the Bandwagon
  • New Redemption Innovations
  • Sprucing Up Travel and Entertainment Rewards and Perks
  • Cash is King
  • Cash-Back Cards Also Trump Points and Miles Cards on Adoption
  • Cash for Crypto?
  • Crypto Cards
  • Co-Branded Credit Cards Weather the Storm
  • Three in 10 Consumers Have a Co-Branded Credit Card; Department Store Cards Falter
  • Department Store and Discount Store Co-Brands Suffer Longer-Term Declines
  • Co-Branded Cardholder Demographics
  • Synchrony Financial Reports Continued Growth
  • American Express Rides Delta Strength
  • Capital One Makes Its Moves
  • Wells Fargo Keeps Private-Label Credit Card Unit – for Now
  • Digital Co-Brands Are the Cards to Beat
  • Private-Label Credit Cards Face Continued Challenges
  • Top Card? Kohl’s Charge
  • But Usage Declines Among Top Private-Label Cards Continue
  • Five-Year Trend: Target Card Goes Against the Grain
  • Private Label Cardholder Demographics
  • Retailer Loyalty Programs Increasingly Separate from Private Label Enrollment
  • Major Private Label Credit Card Issuers Are Diversifying into Higher-Growth Areas
  • Times Are Tough: Victoria’s Secret and Kohl’s Go Cobrand

Chapter 8: Credit Card Innovation Trends

  • The Power of Travel and Entertainment Portals
  • American Express: a Pioneer Continues to Innovate
  • But the Portal Field is Getting Crowded
  • Amex Adds a Twist
  • Expanding Credit Access
  • BNPL and Credit Cards Lead the Way
  • Thin File? There’s a Credit Card for You
  • Secured Cards Enjoying a Renaissance?
  • Seamless Upgrade to Unsecured Card
  • No Credit Score, No Problem
  • Building Credit as a Family
  • Soft Credit History Pulls That Don’t Ding Your Credit Score
  • Digital Payment Services Gain Traction – Credit Cards Left Behind
  • Paypal Stays on Top – But Competitors Are Gaining Ground
  • Digital Payment Service User Demographics
  • Credit Cards Lag Other Mobile App Funding Methods – But It Varies by App
  • Contactless Card Issuance and Adoption
  • Contactless Wallet and Card User Demographics
  • Appendix
  • Market Size and Forecast Methodology
  • Definitions

For extra details about this report go to

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United States Credit Card Market Outlook 2023-2026: Adoption Rates, Usage Frequency, and Payment Value have Reached New Highs –

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