List of Credit Card Companies In the USA 2024: Check the Full List. How many credit card companies are there in the USA And How do credit card companies make money? According to the Federal Reserve, Americans owe more than $1 trillion in credit card debt, more than the GDP of 170 countries. American Express issued the first credit card in 1958, which revolutionized the way people borrow money. Today, the average American has 2.35 credit cards and an average of $5,500 in credit card debt. Here we take a look at the top 10 largest credit card companies in the United States.
There are two types of players in the credit card business in the USA– credit card issuers and credit card networks. The card has the name of both the issuer and the network on the front. Issuers are banks and credit unions that issue credit cards to individual users and small businesses. They accept payments, offer rewards, and bill your account for purchases.
List of Credit Card Companies In USA 2024
Credit card networks like Visa and MasterCard facilitate payments at the point of sale and handle the processing of your credit card transactions. They also offer secondary benefits such as fraud liability, travel insurance, and extended warranty to customers. Discover and American Express act as both credit card issuers and networks. Both these networks issue their own credit cards. Other networks like Visa and MasterCard do not issue their cards. Instead, they partner with issuers.
This is the List of all Major Credit Card Companies and Networks In the USA. Most Of the credit cards in the USA Is Issued By these Companies. As per the Latest 2024 Data, There Are More than 85 Credit Card issuers in the USA.Â
- American Express
- Capital One
- Discover
- Chase
- BankOf America
- Citi
- Barclays
- Wells Fargo
- Synchrony
- US Bank
- Credit One Bank
- Goldman Sachs.
- Truist.
- Huntington Bank.
- PNC.
- Regions Bank.
- Fifth Third Bank.
- BMO Harris.
- TD Bank.
- First National Bank of Omaha.
- Citizens Bank.
- Merrick Bank.
- BBVA.
- KeyBank.
- HSBC.
- Premier Bankcard.
- Navy Federal Credit Union.
American Express:
| Founded | March 18, 1850 |
| Headquarters | New York City, New York, USA |
| CEO | Stephen J. Squeri |
| Industry | Financial Services |
| Services | Credit cards, charge cards, traveller’s cheques, merchant services, travel services |
| Number of Employees | Approximately 65,000 globally (as of 2024) |
| Notable Card Products |
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| Partnerships | Various airlines, hotels, and retail establishments |
| Membership Rewards | American Express’ loyalty program offers points for card spending |
| Impact on Travel | Known for its premium travel benefits and airport lounges |
| Financial Services | Offers a range of financial services, including credit, savings, and investment products |
| Company Slogan | “Don’t Leave Home Without It” |
Capital One:
One of the biggest banks in the US is a financial business by the name of Capital One. Credit cards, banking, loans, and investment services are just a few of the many financial goods and services it provides. In the banking sector, Capital One is renowned for its creative application of technology and data analytics.
| Founded | July 27, 1994 |
| Headquarters | McLean, Virginia, USA |
| CEO | Richard D. Fairbank |
| Industry | Financial Services |
| Services | Credit cards, banking, savings accounts, auto loans, home loans, business services |
| Number of Employees | Approximately 55,300 globally (as of 2024) |
| Notable Card Products |
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| Digital Innovation | Known for its digital and technology-driven approach to banking |
| Banking Services | Offers online and mobile banking, as well as physical branches |
| Corporate Slogan | “What’s in your wallet?” |
| Acquisitions and Growth | Expanded through acquisitions, including ING Direct and HSBC’s US credit card portfolio |
Some key points about Capital One:
- Credit Cards
- Banking Services
- Technology Innovation
- Data Breach (2019)
- Corporate Offices
- Financial Services
- Investment and Wealth Management
Discover Credit Card:
Mostly offered in the US, Discover credit cards are a well-known brand. Sears first offered it in 1985. When Discover first began, there was no annual fee and a bigger credit limit than usual. A later development was the “Cashback Bonus” on purchases.
| Founded | August 1985 |
| Headquarters | Riverwoods, Illinois, USA |
| CEO | Roger C. Hochschild |
| Industry | Financial Services |
| Services | Credit cards, banking, personal loans, student loans, home loans, savings accounts |
What are the 5 major credit cards in the US?
The four major credit card networks are American Express, Discover, Mastercard, Chase, and Visa. In these Top 5 Companies, American Express and Discover also issue their own credit cards which differentiates them from Mastercard and Visa which are solely card networks.
- SBI Credit Card List 2024 – SBI Top 5 Best Credit Cards.
FAQ: List of Credit Card Companies In USA 2024
Which are the Major credit card companies in the U.S.?Ans: These are the Top 10 Credit Card issuers In the USA.
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Which are the Lesser-known or regional credit card issuers In the USA?Ans: Some Of The Lesser Known Credit Card Issuers Companies in America Are Following.
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Which are The Largest Credit Card Issuers In the USA According To Market Value?Ans: These Companies Have the Highest Market Share In the USA.
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