List of Credit Card Companies In the USA 2023: Check the Full List. How many credit card companies are there in the USA And How Credit 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 2023
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 own 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 2023 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.
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 2023 – SBI Top 5 Best Credit Cards.
FAQ: List of Credit Card Companies In USA 2023
Which are the Major credit card companies in the U.S.?
Ans: These are the Top 10 Credit Card issuers In the USA.
- American Express
- Bank of America
- Barclays
- Capital One
- Chase
- Citi
- Discover
- Synchrony Bank
- U.S. Bank
- Wells Fargo
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.
- BBVA
- Fifth Third Bank
- Goldman Sachs
- HSBC
- Huntington Bank
- Navy Federal Credit Union
- Pentagon Federal Credit Union
- PNC Bank
- Truist (a merger of BB&T and SunTrust)
- USAA
- World Financial Network National Bank
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.
- Chase: $1.14 trillion
- American Express: $1.03 trillion
- Citi: $563.4 billion
- Capital One: $534.5 billion
- Bank of America: $480.6 billion
- Discover: $210.7 billion
- U.S. Bank: $190.8 billion
- Wells Fargo: $171.6 billion
