/ Register

Credit Card Top 10 Issuer!!!!!!!!!!

Discussion in 'Credit Talk' started by Ron, Mar 26, 2003.

  1. Mar 26, 2003 #1
    Ron

    Ron Well-Known Member

    A few of the nation's top issuers changed ranks during 2002. Providian and Direct Merchants slipped as the entire sub-prime credit card business fell on hard times due to the weak economy. However, the "Sears MasterCard" program became the 10th largest VISA and MasterCard program in the USA last year. Sears grew from $5 billion to $12.3 billion in credit card loans during 2002. Combined, the top 10 VISA and MasterCard issuers make up 70% of the total market, based on credit card outstandings.
    TOP TEN ISSUERS
    (VISA & MasterCard)


    1. Citigroup $116.6 billion
    2. MBNA America $79.5 billion
    3. Bank One $74.0 billion
    4. Chase $51.1 billion
    5. Capital One $47.3 billion
    6. Bank of America $29.5 billion
    7. Providian $20.0 billion
    8. Household $17.0 billion
    9. Fleet $16.2 billion
    10. Sears Natl Bnk $12.3 billion



    Here is the link:

    http://www.cardweb.com/cardtrak/news/2003/march/26a.html
     
  3. Mar 26, 2003 #2
    Atiyana

    Atiyana Well-Known Member

    question: so providian and cap1 are considered sub-prime credit cards? how does this affect my score and should i go with different companies? i have received gorgeous offers from sallie mae and chase recently... would it be better for me to switch?

    i am only staying b/c i am trying to get a mortgage soon and i would like to keep my score high until after the closing...

    lowest---679
    highest---739

    ----atiyana!
     
  4. Mar 26, 2003 #3
    jason_l

    jason_l Well-Known Member

    relax, this has no effect on your score that I'm aware of.
     
  5. Mar 26, 2003 #4
    delilah131

    delilah131 Well-Known Member

    Ummm ... I think it might.

    It has been my understanding that your score will take a hit when you open a new account, and probably won't rebound until you have a few months, maybe even six months, of history with the card.

    I could be totally wrong about this ... but this was just my impression and I don't know why it's stuck with me.

    We are also going for a mortage soon and taking great pains to keep the score as high as it can be. But as anyone here will tell you, FICO scores are a big roll of the dice anyway.

    peace,
    delilah
     
  6. Mar 31, 2003 #5
    jason1971

    jason1971 Banned

    Providian or Capitol One will not hurt your score because they are "sub-prime". I got a hold of a Top 50 list one time and can't remember how I did it. Does anyone know how or where to find one without paying for it???
     

Share This Page