The answer to the question as to “Who is the biggest of them all?” was answered yesterday. Bank One is the undisputed number one issuer, based on card receivables. Bank One edged out Citigroup by more than $250 million. However Citigroup continues to lead in card volume and cards-in-force. Bank One released the breakout of its bank credit card business yesterday afternoon to CardData. CardData will release figures on the top 10 card issuers next week. Citigroup released its official U.S. bank credit card numbers to CardData on Wednesday. For comprehensive quarterly and end-of-year statistics for more than 350 U.S. issuers visit CardData ([www.carddata.com]).
THE CARD INDUSTRY LEADER BOARD
EOY 98 RECV 4Q-98 VOLUME YTD 98 VOLUME EOY 98 CARDS
Bank One $69,860,600,000 $28,685,400,000 $99,170,400,000 56,502,900
Citigroup $69,600,000,000 $42,200,000,000 $140,600,000,000 69,700,000
Source: CardData (www.carddata.com)