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Credit Card Issuance in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Credit Card Issuance Market Research Report | SIC UK0.004 | Oct 2016

A lack of interest: Revenue and profit growth could be limited by low interest rates

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
Market Share of Companies
Barclays plc Barclays plc market share
HSBC Bank plc HSBC Bank plc market share
Lloyds Banking Group Lloyds Banking Group market share
MBNA Limited MBNA Limited market share
Royal Bank of Scotland Group Royal Bank of Scotland Group market share
Industry Statistics & Market Size
Revenue
£11bn
Annual Growth 12-17
0.1%
Annual Growth 17-22
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Profit
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Employment
9,339
Businesses
19
Industry Analysis & Industry Trends

The Credit Card Issuance industry has suffered over the past five years as the debt binge of the early to mid-2000s gave way to a debt purge. The first few years that followed the financial crisis were characterised by consumers cutting back on debt and increasing savings. When the crisis hit, lenders increased their credit standards amid scarce access to funding, while credit card customers sought to deleverage from record private-sector debt levels.

Credit cards on issue fell from 64.4 million at the end of 2013 to 59 million at the end of 2015. However, since the end of 2015, both the number of credits cards on issue and the amount of debt outstanding are expected to have increased. However, both are expected to remain below the pre-downturn peak, which reached 69.6... purchase to read more

Industry Report - Industry Locations Chapter

With the major banks being the biggest credit card issuers in the United Kingdom, the geographic spread of the industry's establishments is closely correlated with the dispersion of bank branches. This dispersion reflects the spread of the population and its density. Having establishments in densely populated areas allows credit card issuers to have a physical presence near a large pool of their customers, allowing them easy access to their products and services. The industry is becoming more centralised, however, as communication technology improves and consumers get comfortable dealing with financial-service providers remotely rather than face-to-face.

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Industry ProductsRelated ReportsTable of Contents

What is the Credit Card Issuance Industry?

The industry deals with issuance of credit and charge cards, which provide a line of credit or cash to businesses or consumers to use for purchases. Credit card balances roll over month to month. The balances can be repaid in full or on an instalment basis. Charge card balances must be paid in full monthly. Cards are not issued directly by Visa, MasterCard, Diners Club or American Express but these companies provide the transaction processing networks.

Industry Products
Balance transfer cardsLow-interest cardsInterest-free and 0% purchase cardsRewards cardsBad credit credit cards
 
Industry Activities
Extending credit via a credit cardProviding credit through a charge card


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