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Profitable Card Issuers

Contributed by mm | December 3, 2003 10:18 PM PST

This CardWeb article shows how profitable the credit card business is. Here is the credit card business profit of major issuers for the first three quarters in 2003:

CitiBank $2.1B
American Express $1.8B
MBNA $1.6B
CapitalOne $872M
BankOne $812M

The article went on to say:

"Through the third quarter, five of the nation's leading issuers, collectively representing more than 54% of the U.S. card market, posted nearly $7.3 billion in card profits for the first nine months of this year. This means the U.S. general purpose credit card industry may produce as much as $20 billion in profits this year. ... Based on the credit card activity in the third quarter it appears the economy is well on its ways to a strong recovery."

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Read More ... 41 Posts In The Same Category

09/01/05 | Reminder: Free Credit Report Is Available Nation Wide | (3)

04/29/05 | Citi Backpedaling Popular Credit Card Offer? | (9)

03/18/05 | What's In Your Credit Score | (1)

03/16/05 | Call You Tell Good Debt From Bad Debt? | (3)

02/16/05 | How High Can Credit Card Interest Rate Be? | (1)

02/07/05 | Why Do Credit Cards Expire? | (1)

01/08/05 | 10 Credit Card Tips for 2005 | (1)

12/27/04 | Average Size Of Credit Card Transaction | (2)

12/13/04 | Who Is Stronger? Visa or Mastercard? | (2)

12/09/04 | MBNA Customers, Be Aware | (2)

11/23/04 | Free Credit Reports Are On The Way | (1)

11/10/04 | Kmart Rewards

11/06/04 | MBNA Starts to Issue American Express Cards

11/04/04 | How MBNA Takes Away Your Benefits, Gradually | (2)

10/17/04 | The Radical Guide to Credit Cards

10/14/04 | Watch Out for Bad-Loan Signals

10/07/04 | Dirty Secrets of Airline Credit Cards

09/15/04 | Demystifying ARM Indices

08/30/04 | American DreamCard - Play Lottery by Charging

08/11/04 | Another 0.25% Rate Increase and How It Will Affect You

08/10/04 | Phishing Is Becoming Epidemic | (1)

08/04/04 | Anti-Identity Theft Freeze Gaining Momentum

08/01/04 | Real Credit Card Debt

07/31/04 | Gasbates

07/26/04 | As Cash Fades, America Becomes A Plastic Nation | (2)

07/05/04 | Rates Move Higher ... Now What? | (1)

06/26/04 | Debit Rewards Cards Expand Offerings -- And Come With Costs

06/23/04 | 4 Ways to Snag the Best Reward Card

06/22/04 | Buying Gift Cards Thru Grocery Stores at 5% Discount?

06/06/04 | Free Credit Reports Are Coming Gradually

06/02/04 | Credit Cards That Pay | (1)

05/25/04 | A Summary of Late Fees

04/29/04 | Nodebt.com Pays You For Paying Your Bills On Times | (1)

04/17/04 | A Credit Card With $1,500 Annual Fee

03/29/04 | Credit Card Companies Raise Penalties To $39

02/15/04 | Scoring a Loan

01/28/04 | Redemption Value of Card Miles

01/09/04 | How Does Your Debt Compare?

11/26/03 | 2004 New Conforming Loan Limit = $333,700

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