Overview

Good credit: The low cost of borrowing has allowed banks to increase profit margins

IBISWorld’s Credit Card Issuance market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Credit Card Issuance industry has grown at a steady pace over the past five years, largely driven by the rising number of credit card accounts and the resulting higher fee revenue generated. Banks and lenders have increased their efforts to attract younger and lower-income demographics in a bid to sustain industry growth. Despite the ratio of credit card debt to discretionary income falling and the trend of households deleveraging their financial position, credit card transactions have increased. Furthermore, the strong Australian dollar over the first half of the past five-year period and the rising popularity of online shopping have increased the amount of goods purchased with credit cards and supported the industry's growth...

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Industry Report - Industry SWOT Analysis Chapter

The Credit Card Issuance industry is currently in the growth phase of its life cycle. Industry value added, which measures the industry's contribution to the economy, is forecast to grow at an annualised 3.9% over the 10 years through 2021-22. This represents an outperformance of overall GDP, which is projected to rise at an annualised 2.5% over the same period, indicating the industry's contribution to the economy is increasing.

Advances in technology, such as the introduction of contactless payment and growth in online shopping, has given the industry a significant boost over the past five years. New products are being introduced constantly, allowing industry operators to reach new consumer markets, while expanding existing ones. The..

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Industry Products

What is the Credit Card Issuance Industry?

The industry issues credit and charge cards to businesses and consumers. These cards provide users with a line of credit to use for purchases or cash advances. Credit card balances roll over month to month and can be repaid in full or by instalment. Charge card balances must be paid in full each month. The cards are not issued directly by Visa or MasterCard, which provide transaction processing networks, but are instead issued by financial institutions.

Industry Products
Balance transfer cards
Rewards cards
Low-interest cards
Low or no annual fee cards
Platinum and gold cards
Business cards
Industry Activities
Providing credit via a credit card
Providing credit via a charge card

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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