DISCOVERCARD IS IN FORTH PLACE...OUT OF FOUR PLACES!!! Credit Card Volume (3/12/03) FULL STORY: Charge volume on bank credit cards (VISA, MasterCard, Discover, and American Express) increased 8.5% last year, compared to 7.0% in 2001. VISA maintains a 43% share of credit card volume, and a 75% share of debit card volume in the USA. However, VISA gave up share in the credit card market to MasterCard last year. American Express and Discover also lost share in 2002 to MasterCard. MasterCard's credit card charge volume was up 15.4% for 2002, raising its market share to 34.1% from 31.7% in 2001. 43% VISA 34% MASTERCARD 16% AMEX 07% DISCOVERCARD www.cardtrak.com
With the two-cycle interest and the inability to do anything without a hard inquiry, are you surprised? And with only a 7% share (and apparently dropping), do you think they'll stay around?
