2004 Card Loans

Growth in bank credit card loans in the U.S hit first gear last year with a paltry 1.2% gain. At the end of 2004, bank credit card loans stood at $684.9 billion, compared to $677.0 billion one year ago. American Express led the four major networks posting a 4.2% gain in U.S. credit card loans. (The AmEx figure does not include monthly charge card, 30-day credit or outstandings, according to RAM Research Group's Bankcard Barometer.) Discover was essentially flat during 2004 at $48.3 billion. Among top issuers, MBNA posted a contraction, losing near a full percentage point of market share last year, according to CardData (www.carddata.com). MBNA is predominantly a MasterCard issuer.

table{margin-left: auto; margin-right: auto;}.
|_4. MAJOR BRANDS U.S. CREDIT CARD LOANS|
|_4. ($ credit card loans)|
|_. NETWORK | 2003 | 2004 | CHNG|
|_. VISA | $296.9b | $302.9b | +2.0%|
|_. MasterCard | $293.2b | $293.6b | +0.1%|
|_. Discover | $ 48.4b | $ 48.3b | -0.2%|
|_. American Express | $ 38.5b | $ 40.1b | +4.2%|
|_. TOTAL | $677.0b | $684.9b | +1.2%|
|_4. Source: RAM Research Group's Bankcard Barometer|

R. McKinley

R. McKinley

Staff Writer at CardTrak.com Inc.
Robert McKinley is considered one of the foremost authorities on payment products and systems with nearly 25 years of experience in the day-to-day analyses of the payments industry.
R. McKinley
R. McKinley
R. McKinley

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