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Largest General-Purpose Credit Card Issuers in the U.S.

Published June 01, 2005, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Largest General-Purpose Credit Card Issuers in the U.S.

Largest General-Purpose Credit Card Issuers in the U.S.
At yearend. Ranked by outstandings
Published June 1, 2005
    Outstandings (dollars in thousands) Number of active accounts
2004 '03 rank Change 2004 '04 rank '03 rank Change
1 JPMorgan Chase* $134,700,000 5 159% 42,966,000 2 7 159%
2 Citigroup 115,950,000 1 2 47,880,000 1 1 0
3 MBNA America 82,118,000 2 -4 21,199,900 5 4 0
4 American Express 63,690,000 4 7 21,300,000 4 5 11
5 Bank of America 61,093,332 8 60 18,773,613 7 9 46
6 Capital One 53,024,074 6 6 24,429,600 3 3 2
7 Discover 45,690,000 7 -1 19,700,000 6 6 -5
8 HSBC Bank 19,670,000 9 1 13,870,000 8 8 1
9 Providian 18,536,000 11 9 8,726,000 9 10 4
10 Wells Fargo 13,455,518 12 5 2,789,009 12 15 10
11 U.S. Bancorp 10,578,520 13 7 4,056,027 10 12 7
12 USAA Federal Savings 7,104,688 15 26 1,956,000 16 18 4
13 Direct Merchants (Metris) 6,500,000 14 -20 2,200,000 15 14 -15
14 Target 4,849,304 17 12 3,427,210 11 13 7
15 FNB Omaha 4,022,554 16 -11 1,558,067 17 19 -11
16 Advanta 3,294,630 18 10 574,000 24 26 -2
17 National City 2,652,030 19 -1 758,000 21 23 -2
18 Citizens Bank 2,255,000 22 -2 847,000 19 22 2
19 CompuCredit 2,194,837 21 -6 2,780,000 13 17 23
20 Navy Federal Credit Union 1,773,728 23 11 538,811 25 27 5
21 Juniper Bank 1,474,600 24 16 497,000 28 32 35
22 FDS National Bank 1,115,000 30 28 364,000 31 36 8
23 ICBA Bancard 1,067,836 26 7 775,114 20 24 8
24 BB&T Corp. 1,065,677 27 9 358,184 33 35 6
25 Associated Bank 1,059,602 28 14 59,680 66 72 2
26 World’s Foremost (Cabela’s) 953,530 29 9 505,600 27 30 16
27 Washington Mutual 940,882 43 118 521,360 26 37 65
28 Cross Country Bank 871,604 25 -31 952,220 18 21 -14
29 Town North Bank 816,453 31 1 392,769 30 32 -2
30 Fifth Third Bank 805,000 32 13 303,000 36 42 18
31 GE Capital Financial 760,726 34 24 494,758 29 31 14
32 State Farm Bank 733,591 36 29 287,871 37 41 9
33 First Premier Bank 710,839 33 0 2,671,174 14 16 8
34 Nordstrom 668,883 40 33 361,042 32 34 0
35 Commerce Bank 609,314 38 10 283,973 39 40 3
36 Merrick Bank 596,378 41 22 596,555 22 29 33
37 Pentagon Federal Credit Union 590,789 37 6 151,191 43 44 -4
38 1st Financial Bank 584,160 39 7 343,327 35 38 13
39 Compass Bank 530,050 42 10 141,800 44 47 1
40 BankFirst 370,000 35 -35 350,910 34 25 -46
41 M&I Bank 333,800 45 6 285,456 38 39 2
42 Suncoast Schools Federal Credit Union 297,455 52 28 86,135 54 59 5
43 First Hawaiian Bank 278,000 51 14 158,000 42 45 5
44 First National Bank of Marin 275,615 48 1 590,960 23 28 15
45 First Tennessee 271,252 47 -1 114,700 47 50 -1
46 Boeing Employees Credit Union 268,317 49 8 98,755 48 56 3
47 First Citizens Bank 258,456 50 5 98,587 49 53 -2
48 America First Credit Union 240,382 56 23 78,067 61 65 5
49 Columbus Bank and Trust Co. 239,763 53 9 94,427 51 52 -9
50 Pennsylvania State Employees Credit Union 231,799 54 6 80,073 58 60 -1
  Total $672,171,969     252,425,925      
  Average $13,443,439     5,048,519      


*Last June bought Bank One, which in 2003 was No. 3 in outstandings and No. 2 in active accounts.
Source: The Nilson Report
© 2005 American Banker