Credit Card Issuers Ranked by Receivables

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Mogul of Pineapples
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Credit Card Issuers Ranked by Receivables

Postby Mogul of Pineapples » Sun Jul 06, 2008 11:32 pm

These numbers are from 2006 (you have to pay for the year 2007) but it's pretty interesting to see anyway. Here's a ranking of the credit card companies based on how much they have in receivables a.k.a. customer credit and yes those numbers are in billions.

1 Bank of America Charlotte, NC $170,736,623,000
2 JPMorgan Chase & Co. Wilmington, DE $146,100,000,000
3 Citigroup Inc. New York, NY $111,600,000,000
4 Capital One Financial Corp. McLean, VA $53,623,680,000
5 Discover Financial Services Inc. Riverwoods, IL $47,384,674,000
6 American Express New York, NY $37,368,000,000
7 Washington Mutual Bank Seattle, WA $23,501,000,000
8 Wells Fargo Bank San Francisco, CA $20,870,868,363
9 HSBC Credit Card Services Salinas, CA $18,260,017,000
10 USAA Federal Savings Bank San Antonio, TX $8,877,491,000

Shocked to see Discover had more than American Express, and that Capital One had more than both!
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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Postby Multi-Purpose » Tue Jul 08, 2008 2:47 pm

Do these numbers include balances paid off every month or long term debt carried on the cards? I can't imagine Discover would be bigger than American Express they must be calculating it based on balances people carry. A lot of Amex cards are charge cards so people won't carry balances so it would make that number smaller.
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Postby fffresh » Wed Jul 09, 2008 3:17 am

If you randomly asked people I don't think many people would guess B of A is the biggest credit card company out there. Quite surprising actually.

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Postby JG7 » Thu Jul 10, 2008 9:19 am

This must have been after Bank Of America acquired MBNA credit cards..... Because I remember hearing their credit card division was like one thirs the size before that deal......

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Postby Mogul of Pineapples » Thu Jul 10, 2008 4:43 pm

Multi-Purpose wrote:Do these numbers include balances paid off every month or long term debt carried on the cards?


Here's the Investopedia definition of receivables so from that I assume it includes both:

An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. They include all debts owed to the company, even if the debts are not currently due. -Investopedia
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

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Postby coolpixxx » Fri Jul 11, 2008 5:51 pm

HSBC has gotten a lot bigger than they were 2 yrs ago. On the east coast all the rage is about HSBC and that's what everyone uses, probably in the top 5 now.

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Postby fffresh » Mon Jul 14, 2008 8:03 am

coolpixxx wrote:HSBC has gotten a lot bigger than they were 2 yrs ago. On the east coast all the rage is about HSBC and that's what everyone uses, probably in the top 5 now.


I'm not too familiar with HSBC since they aren't in my area but don't do they deal with a lot more sub-prime people?

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Postby Cucumber » Wed Jul 16, 2008 8:58 pm

MBNA was the biggest independent company before the Bank of America bought them out so it's no surprise to me that they're the biggest.
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Postby AnthonyBarone » Sun Jul 20, 2008 4:17 pm

I don't know about you folks in the rest of the country but here on east coast HSBC is big. Don't know if you know but that guy from Titanic Leonardo Dicaprio did endorsements for HSBC credit cards in Hong Kong. They said because the cards are made with eco-friendly stuff and they donate to charities for it too is why he did it. Sounds like a crock to me he didn't care about being green he cared about the green paid to him for it.

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Postby Mogul of Pineapples » Mon Jul 21, 2008 10:17 pm

Is HSBC customer base growing though? Seems like they've been the same forever. I know they are the ones that do the GM cards. With popularity of GM vehicles going downhill those cards probably have too. I think all of HSBC credit cards are Mastercard but I could be wrong on that.

It would be interesting to see what credit card company is growing the fastest right now. I didn't see anything on that yet.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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