Credit Card Market Size 2021 | Industry Analysis by Ongoing Trends and Forecast To 2025

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The global credit card market is expected to grow from $100.05 billion in 2020 to $103.06 billion in 2021 at a compound annual growth rate (CAGR) of 3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $107.69 billion in 2025 at a CAGR of 1.1%.

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The credit card market consists of sales of credit card services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data. Credit cards are payment cards issued by banks and financial institutions that can be used to borrow funds. Credit cards are mostly used for short-term financing of consumer goods and services. The credit limit is preset depending on the borrower’s credit rating and credit cardholders are charged interest each month by the credit card provider. Only goods and services traded between entities or sold to end consumers are included.

Some of the key players involved in the Credit Card Market are Citibank, American Express Company, Mastercard Incorporated, Visa Inc., JPMorgan Chase & Co., Mango Financial Inc.

The countries covered in the global Credit Card market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global Credit Card market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Credit Card Market Segmentation:
By Type
1. Reward Card
2. Credit Builder Card
3. Travel Credit Card
4. Balance Transfer Card

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A Few Points From The Table Of Contents
1. Executive Summary
2. Credit Card Market Characteristics
3. Credit Card Market Trends And Strategies
4. Impact Of COVID-19 On Credit Card
5. Credit Card Market Size And Growth
……
26. Africa Credit Card Market
27. Credit Card Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Credit Card Market
29. Credit Card Market Future Outlook and Potential Analysis
30. Appendix

The report covers the trends and market dynamics of the Credit Card Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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