Credit Card Issuing

Over the five years to 2022, the Credit Card Issuing industry is expected to grow as a result of improving employment and consumer spending levels towards the end of the period. Industry operators' primary function is providing credit services to consumers and businesses by issuing cards with available credit lines that must be repaid in full to the issuer, often in installments. Commercial banks are excluded from this industry since their primary function is not providing credit cards. Industry operators generate revenue from cardholders primarily through fees, interest and other charges agreed upon through a contract. Issuers have increasingly adopted risk-based pricing models based on consumers' borrowing habits and ability to pay their balances. Industry operators compete by offering customers lower rates, flexible payment options and rewards based on spending.