With the advancement of technology, there are plenty of payment methods that provide convenience to customers all around the world. However, most merchants use merchant processing that helps consumers pay for goods and services using their credit cards.
Credit card networks like Visa, MasterCard, American Express, and Discover offer multiple perks to their customers such as cash-back, travel points, low-interest rates, zero annual fees, etc. This is why most people are more interested in using credit cards than debit cards.
These credit cards are issued by different banks. Basically, they manage your credit card account and you can contact them regarding any issue you may have with your credit card.
Hence, it’s imperative that you choose the right credit card issuer. Therefore, this article will list the 5 biggest U.S. credit card brands. Keep reading to know!
Founded in 1977, Chase is headquartered in New York City with more than 250,000 employees, and it operates in 100 plus countries around the globe. Up till now, it has issued more than 98 million credit cards, therefore, it is considered the biggest U.S. credit card issuer.
Along with credit cards, Chase also offers a wide variety of financial products such as checking and saving accounts and home and auto loans.
The reason for its huge market share is its awesome rewards like cash back, gift cards, or travel points. The most popular chase credit cards are Chase Freedom Unlimited, Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Freedom Flex, and Ink Business Preferred.
If you’re a travel enthusiast, getting a Premier Chase travel credit card allows you to transfer your points to Chase hotel and airline partners like Marriott Bonvoy, British Airways, and World of Hyatt.
American Express, also known as Amex, was established in 1850, and it wasn’t until the 1950s that it first issued its charge card. Around 30 years later, it launched its first-ever credit card.
Amex is both a credit issuer and credit card network. It is the largest issuer of charge cards and the third-largest network of credit cards in America. In 2018, it was ranked as the 14th most admired company internationally by Fortune.
It has issued more than 45 million credit cards till now as it boasts one of the best reward programs. Amex cardholders have travel insurance and purchase protection. Its membership rewards points can be transferred to over 20 hotel and airline partners.
Set up in the early 1800s, Citibank is the third-largest credit card brand in the US followed by Chase and American Express. Along with its credit cards and spectacular reward programs, it also provides banking and wealth management services and high-yield online savings accounts to its customers.
A few of Citibank’s most popular credit cards are Citi Simplicity, Citi Premier, Citi Double Cash, and Citi Custom Cash. One of the best things about this credit card brand is that it offers a wide variety of cards, so you choose the one that best suits your preferences.
Its top reward program, Citi ThankYou, lets you transfer your points to Citi airline and hotel partners and also use them for cashback and gift cards.
Capital One was founded in 1994 and is headquartered in McLean, Virginia. Although it’s comparatively quite a new company, it still has achieved to be the fourth-biggest credit card company in the US in 2022. It offers numerous financial services and products as well.
It offers credit cards to a wide range of consumers, and also offers businesses both credit and charge card options. You can get everyday rewards and travel rewards through Capital One’s credit cards. If you have a poor credit history, you have the option to access secured credit cards.
Although Bank of America was set up in 1784, it started offering credit cards by 1958. Along with credit cards, it also offers auto loans, home loans, and other various financial products.
What sets apart Bank of America is no matter what your credit profile is, you will be given a specific reward card accordingly. Moreover, if you have a bank account with Bank of America, you can leverage the Preferred Rewards program, which gives you incredible perks like lower interest loans as soon as you reach a certain account balance.
Some of the most popular credit cards offered by this US Company are Unlimited Cash Rewards, Customized Cash Rewards, Travel Rewards, and Premium Rewards.