The number of U.S. bank credit cards-in-force (CIF) will nearly double between now and 2020. Forecaster RAM Research projects, based on current growth rates, the number of U.S. credit cards with the Visa, MasterCard, American Express and Discover brands will top one billion by 2020.
According to CardData, there were 611 million bank credit CIF at end-of-year (EOY) 2014, compared to 566 million for EOY 2013. RAM Research predicts the figures will rise to 666 million this year, and to 1028 million by EOY 2020.
2013: 566 million
2014: 611 million
2015: 666 million
2016: 729 million
2017: 794 million
2018: 865 million
2019: 943 million
2020: 1028 million
Source: RAM Research; CardData
Visa had an estimated 309 million U.S. credit CIF at EOY 2014, compared to 280 million in EOY 2013.
MasterCard reported 191 million in U.S. CIF at EOY 2014, compared to 175 million for EOY 2013.
American Express reported 54.9 million in U.S. CIF at EOY 2014, compared to 53.1 million for EOY 2013.
Discover had an estimated 56.1 million U.S. credit CIF at EOY 2014, compared to 53.3 million in EOY 2013.
For data, background and forecasts on U.S. Payment Cards: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).