The top credit card issuers by market share are Chase, American Express, and Citi. Chase has controlled the largest share of the credit card market since 2014.
Key Stats
- Top Credit Card Issuers by Outstanding Balances (2021): Chase (16.54%), American Express (12.36%), Citi (11.56%), Capital One (10.51%) and Bank of America (9.92%).
- Top Credit Card Issuers by Outstanding Balances (2022): Synchrony Financial (41.44%), Citi Retail Services (22.30%), Capital One (9.83%), Bread Financial (8.45%) and Wells Fargo Retail Services (6.77%)
- Top Business Credit Card Issuers by Purchase Volume (2021): Chase ($182 billion), Bank of America ($177 billion), Wells Fargo ($93 billion), U.S. Bank ($88 billion) and Capital One ($81 billion).
Table of Contents
Credit Card Market Share by Outstanding BalancesCredit Card Market Share by Purchase VolumesCredit Card Market Share by Cards in CirculationStore Credit Card Market Share by IssuerBusiness Credit Card Market Share
Credit Card Market Share by Outstanding Balances
| Rank (2021) | Bank | 2021 Outstanding Balances in Billions (% Market Share) | 2020 Outstanding Balances in Billions (% Market Share) | 2019 Outstanding Balances in Billions (% Market Share) | 2018 Outstanding Balances in Billions (% Market Share) | 2016 Outstanding Balances in Billions (% Market Share) | 2015 Outstanding Balances in Billions (% Market Share) | 2014 Outstanding Balances in Billions (% Market Share) | 2009 Outstanding Balances in Billions (% Market Share) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Chase | $154.3 (16.54%) | $141.66 (16.57%) | $157.58 (16.55%) | $145.26 (16.10%) | $141.82 (14.17%) | $130.24 (14.17%) | $129.57 (14.86%) | $165.87 (18.70%) |
| 2 | American express | $115.3 (12.36%) | $88.9 (10.40%) | $112.96 (11.87%) | $104.94 (11.60%) | $92.43 (9.24%) | $98.33 (10.70%) | $93.82 (10.76%) | $78.16 (8.81%) |
| 3 | Citi | $107.87 (11.56%) | $101.04 (11.82%) | $111.77 (11.74%) | $106.29 (11.70%) | $94.5 (9.44%) | $81.83 (8.90%) | $82.3 (9.44%) | $102.54 (11.56%) |
| 4 | Capital one | $98.03 (10.51%) | $89.94 (10.52%) | $96.71 (10.16%) | $94.32 (10.40%) | $90.43 (9.04%) | $82.03 (8.92%) | $72.66 (8.33%) | $55.46 (6.25%) |
| 5 | Bank of America | $92.57 (9.92%) | $94.31 (11.03%) | $106.56 (11.19%) | $106.58 (11.80%) | $101.56 (10.15%) | $99.76 (10.85%) | $100.24 (11.49%) | $145.1 (16.36%) |
| 6 | Discover | $74.37 (7.97%) | $70.2 (8.21%) | $72.37 (7.60%) | $67.81 (7.50%) | $61.52 (6.15%) | $57.9 (6.30%) | $56.13 (6.44%) | $48.9 (5.51%) |
| 7 | U.S. Bank | $40.09 (4.30%) | $38.05 (4.45%) | $40.57 (4.26%) | $37.32 (4.10%) | $37.16 (3.71%) | $34.09 (3.71%) | $32.88 (3.77%) | $20.17 (2.27%) |
| 8 | Wells Fargo | $34.77 (3.73%) | $35.01 (4.10%) | $41.53 (4.36%) | $40.7 (4.50%) | $38.83 (3.88%) | $35.41 (3.85%) | $35.21 (4.04%) | $30.89 (3.48%) |
| 9 | Barclays | $22.12 (2.37%) | $22.01 (2.58%) | $26.17 (2.75%) | $24.78 (2.70%) | $26.35 (2.63%) | $23.04 (2.51%) | $20.78 (2.38%) | $10.67 (1.20%) |
| 10 | Navy FCU | $21.76 (2.33%) | $19.2 (2.25%) | $18.06 (1.90%) | $15.67 (1.70%) | $12.49 (1.25%) | $10.76 (1.17%) | $9.51 (1.09%) | N/A N/A |
| 11 | Synchrony | $21.4 (2.29%) | $18.95 (2.22%) | $20.6 (2.16%) | $19.41 (2.10%) | $20.46 (2.04%) | $17.04 (1.85%) | $15.15 (1.74%) | N/A N/A |
| 12 | USAA | $14.47 (1.55%) | $16.4 (1.92%) | $18.72 (1.97%) | $18.66 (2.10%) | $18.93 (1.89%) | $18.47 (2.01%) | $17.78 (2.04%) | $12.96 (1.46%) |
| 13 | Credit One Bank | $8.25 (0.88%) | N/A N/A | N/A N/A | N/A N/A | N/A N/A | N/A N/A | N/A N/A | N/A N/A |
| 14 | Goldman Sachs | $8.21 (0.88%) | N/A N/A | N/A N/A | N/A N/A | N/A N/A | N/A N/A | N/A N/A | N/A N/A |
| 15 | PNC | $8.03 (0.86%) | $8.1 (0.95%) | $8.28 (0.87%) | N/A N/A | $6.39 (0.64%) | $5.95 (0.65%) | $5.56 (0.64%) | $5.08 (0.57%) |
(Source: Nilson Report, February 2022)
Credit Card Market Share by Purchase Volumes
| Rank | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2013 | 2011 | 2009 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Chase | Chase | American Express | American Express | American Express | American Express | American Express | American Express | American Express | American Express | American Express |
| 2 | American Express | American Express | Chase | Chase | Chase | Chase | Chase | Chase | Chase | Chase | Chase |
| 3 | Citi | Citi | Citi | Citi | Citi | Citi | Bank of America | Bank of America | Bank of America | Bank of America | Citi |
| 4 | Capital One | Bank of America | Bank of America | Bank of America | Bank of America | Bank of America | Citi | Citi | Citi | Citi | MBNA |
| 5 | Bank of America | Capital One | Capital One | Capital One | Capital One | Capital One | Capital One | Capital One | Capital One | Capital One | Bank of America |
| 6 | Discover | US Bank | US Bank | Discover | Discover | Discover | Discover | Discover | Discover | Discover | Capital One |
| 7 | U.S. Bank | Discover | Discover | US Bank | US Bank | US Bank | Wells Fargo | US Bank | US Bank | US Bank | Discover |
| 8 | Wells Fargo | Wells Fargo | Wells Fargo | Wells Fargo | Wells Fargo | Wells Fargo | US Bank | Wells Fargo | Wells Fargo | Wells Fargo | US Bank |
| 9 | Barclays | Barclays | Barclays | Barclays | Barclays | Barclays | Barclays | Barclays | HSBC | HSBC | HSBC |
| 10 | Synchrony | Synchrony | Synchrony | Synchrony | Synchrony | Synchrony | USAA | USAA | Barclays | Barclays | Wells Fargo |
| 11 | USAA | USAA | USAA | USAA | USAA | USAA | USAA | N/A | USAA | USAA | USAA |
| 12 | Comdata | PNC | PNC | PNC | PNC | PNC | N/A | N/A | Synchrony | Synchrony | WaMu |
See Also
Best Credit Card In The World(Source: Nilson Report, February 2022)
Credit Card Market Share by Cards in Circulation
(Source: Nilson Report, February 2022)
Store Credit Card Market Share
Overview of the Store Credit Market
| 2022 | 2021 | Change 2022 vs 2021 | |
|---|---|---|---|
| Purchase Volume (in Billions) | $218.85 | $206.85 | 5.80% |
| Outstandings (in Billions) | $128.86 | $117.04 | 10.10% |
| Cards in circulation (in Millions) | 301.5 | 302.10 | (0.20%) |
(Source: Nilson Report, September 2023)
Store Credit Card Market Share by Purchase Volume
| Rank (2022) | Issuer | Market Share (2022) | Purchase Volume in Millions (2022) | Purchase Volume in Millions (2021) | Purchase Volume in Millions (2018) | Purchase Volume in Millions (2015) | Purchase Volume in Millions (2014) | Purchase Volume in Millions (2012) |
|---|---|---|---|---|---|---|---|---|
| 1 | Synchrony Financial | 40.42% | $88,450 | $82,818 | $71,210 | $61,983 | $54,371 | $54,410 |
| 2 | Citi Retail Setvices | 22.51% | $49,270 | $46,394 | $46,692 | $49,440 | $48,000 | $41,416 |
| 5 | Capital One | 15.63% | $34,210 | $32,335 | $18,912 | $36,410 | $32,509 | $19,148 |
| 3 | TD Bank | 6.81% | $14,910 | $14,777 | $17,253 | $9,335 | $6,915 | $770 |
| 6 | Bread Financial | 6.47% | $14,170 | $21,149 | N/A | N/A | N/A | N/A |
| 4 | Wells Fargo Retail Services | 4.05% | $8,870 | $7,753 | $13,944 | $7,789 | $7,017 | $5,568 |
| 7 | AAFES (Military Star Card) | 0.90% | $1,960 | $1,872 | $1,931 | $1,714 | $1,863 | $2,033 |
(Source: Nilson Report, August 2013 - September 2023)
Store Credit Card Market Share by Outstanding Balances
(Source: Nilson Report, September 2023)
Business Credit Card Market Share
(Source: Nilson Report, May 2022)
Breakdown of Business Cards by Purchase Volume
| Issuer | Corporate Cards | Purchasing and Fleet Cards | Small Business Credit Cards | Small Business Debit Cards | Prepaid Cards |
|---|---|---|---|---|---|
| Chase | $2.47 | $54.50 | $99.46 | $20.1 | $0.0 |
| Bank of America | $6.52 | $43.42 | $51.57 | $50.5 | $25.5 |
| Wells Fargo | $0.0 | $28.69 | $15.86 | $48.5 | $0.3 |
| U.S. Bank | $3.09 | $40.81 | $25.79 | $6.8 | $11.0 |
| Capital One | $0.0 | $0.73 | $77.58 | $2.5 | $0.0 |
| Citibank | $10.97 | $18.73 | $32.66 | $2.7 | $0.0 |
| Comdata | $0.0 | $47.83 | $0.0 | $0.0 | $1.8 |
| PNC | $2.20 | $14.85 | $06.51 | $9.8 | $0.0 |
| Bancorp | $0.0 | $0.0 | $0.0 | $0.7 | $32.2 |
| Comerica | $0.0 | $2.02 | $0.0 | $0.8 | $29.8 |
| Truist | $0.86 | $6.28 | $5.72 | $11.6 | $0.0 |
| Meta Bank | $0.0 | $0.0 | $0.0 | $0.0 | $24.2 |
Note: The values in the above chart are in billions.
(Source: Nilson Report, May 2022)
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