Credit Card Consolidation

According to the American Banker, the top 5 credit card issuers in the U.S. are expected to gain further market share during the remainder of 2003. By the end of the year, they will account for 64% of all U.S. general purpose card receivables (i.e., Visa, MasterCard, Discover, American Express). The table below displays 2001 vs. predicted 2003 market shares.