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Largest Credit Card Issuers

April 22, 2004, 10:08 a.m. EDT 1 Min Read
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Largest Credit Card Issuers

Largest Credit Card Issuers
At yearend
Published April 22, 2004
Issuer, state of issuance Outstandings (dollars in thousands) Number of active accounts
2003 '03 rank '02 rank Change 2003 '03 rank '02 rank Change
Citigroup S.D., Nev., Md. $115,100,000 1 1 7% 48,025,800 1 1 25%
MBNA America Del. 85,838,000 2 2 8 21,159,785 4 4 2
Bank One Del. 76,328,000 3 3 3 28,445,065 2 2 –1
J.P. Morgan Chase Del. 52,100,000 4 4 3 16,600,000 5 5 1
Capital One Va. 50,180,992 5 5 14 24,020,930 3 3 –3
Bank of America Ariz. 38,069,000 6 6 24 12,786,577 6 8 17
HSBC Bank N.Y. 18,022,100 7 24 1240 12,650,000 7 30 3144
Fleet Pa. 16,986,132 8 9 5 5,925,000 9 10 6
Providian Calif. N.H. 16,900,000 9 7 –14 8,418,000 8 9 –8
Wells Fargo Nev. 12,783,474 10 12 13 2,863,163 12 12 –24
U.S. Bank N.D. 8,293,421 11 13 –15 3,828,284 10 11 –1
Direct Merchants (Metris) Ariz. 8,100,000 12 11 –28 2,600,000 13 13 –26
USAA Federal Savings Tex 5,644,269 13 14 5 1,871,681 16 19 32
FNB Omaha 4,495,504 14 15 4 1,753,390 17 18 3
Target (Retailers National) S.D. 4,319,247 15 16 13 3,203,358 11 14 –2
Advanta Utah 2,981,787 16 17 15 588,000 24 24 3
CompuCredit Ga. 2,711,000 17 22 42 2,200,000 15 16 8
National City Ohio 2,673,527 18 18 8 670,760 22 23 2
First North American National Ga. 2,606,155 19 19 16 1,277,774 18 21 26
People’s Bank Conn. 2,293,279 20 20 14 830,803 20 22 –5
Navy Federal Credit Union Va. 1,604,049 21 23 10 513,351 25 27 3
Juniper Bank Del. 1,271,300 22 28 46 367,000 29 35 37
Cross Country Bank Del. 1,261,597 23 21 –34 1,110,508 19 17 –38
ICBA Bancard Va. 998,150 24 NM —— 720,579 21 NM ——
BB&T N.C. 976,171 25 27 11 338,930 30 33 5
Associated Bank Wis. 930,295 26 31 17 58,258 66 70 5
Town North Bank Tex. 808,610 27 30 0 400,944 28 28 –1
Fifth Third Bank Ohio 714,000 28 36 39 257,149 38 39 13
First Premier Bank S.D. 708,577 29 32 –7 2,467,813 14 15 –1
FDS National Bank Ohio 679,000 30 81 680 337,000 31 75 580
BankFirst S.D. 568,258 31 29 –32 648,973 23 20 –37
State Farm Bank Ill. 567,593 32 44 110 263,845 37 44 77
Pentagon Federal Credit Union Va. 557,200 33 33 5 140,600 43 47 2
Commerce Bank Mo. 553,941 34 35 7 276,980 36 34 2
1st Financial Bank S.D. 544,743 35 34 3 305,100 33 36 19
GE Capital Financial Utah 543,896 36 39 26 332,452 32 32 –1
Nordstrom Ariz. 506,367 37 41 45 301,643 34 38 32
Merrick Bank Utah 486,996 38 37 3 449,872 27 29 11
Compass Bank Ala. 481,186 39 38 4 140,098 44 48 3
SouthTrust Bank Ala. 332,510 40 42 1 145,862 42 42 –12
M&I Bank Nev., Wis. 314,202 41 48 28 279,510 35 37 18
AmSouth Bank Ala. 304,163 42 40 –21 127,408 45 41 –26
First Tennessee 273,303 43 43 0 115,800 47 50 –2
First National Bank of Marin Nev. 271,624 44 45 2 511,750 26 25 –1
First Hawaiian Bank Hawaii 248,000 45 50 6 154,800 40 43 0
Boeing Employees Credit Union Wash. 247,765 46 47 0 95,447 52 56 –1
First Citizens Bank Va. 247,084 47 49 2 103,042 50 54 –3
Suncoast Schools Federal Credit Union Fla. 232,264 48 55 35 82,387 55 67 27
Columbus Bank and Trust Ga. 220,675 49 51 2 103,869 49 52 –5
Penn State Employees Credit Union 217,933 50 52 3 80,561 58 57 –12
Top 50 Totals $544,097,339     3% 210,949,901     –1%


Source: The Nilson Report
© 2004 American Banker