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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Starting a New Business Chapter

To be able to issue credit cards, a lender must have access to capital that it can use to finance its lending activity. As a result, a firm considering entry into the Credit Card Issuance industry must first establish a reliable source of funding. The cost of funding is important because it determines how competitively priced the lender's products will be and the profitability of the business. The UK economic downturn and the subsequent recession resulted in funding become more difficult to obtain, which increased the barriers to entry. Further to that, the funds that are accessible are now more costly, with investors' risk premiums having risen, placing a further cost burden on potential entrants. In .. purchase to read more

 


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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