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Largest U.S. Visa and MasterCard Issuers

Published May 19, 2006, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Largest U.S. Visa and MasterCard Issuers

Largest U.S. Visa and MasterCard Issuers
At yearend, ranked by outstandings
Published May 19, 2006
Rank Issuer, state of issuance Outstandings (dollars in thousands) Number of active accounts
2005 2004 rank Change 2005 2005 rank 2004 rank Change
1 Bank of America1 Ariz. $146,861,461 4 140% 41,855,273 3 5 123%
2 JPMorgan Chase Del. 140,100,437 1 3 43,813,800 2 2 2
3 Citigroup S.D., Nev., Md. 111,870,000 2 -4 48,600,000 1 1 2
4 Capital One Va. 53,863,683 5 2 25,811,886 4 3 6
5 HSBC N.Y. 27,150,000 6 22 14,977,000 5 6 8
6 Washington Mutual2 Nev. 19,973,000 7 8 8,711,000 6 7 0
7 Wells Fargo Nev. 17,392,978 8 15 4,786,166 7 8 2
8 U.S. Bancorp N.D. 11,205,290 9 6 4,332,066 8 9 7
9 USAA Savings Nev. 9,392,625 10 32 2,145,000 12 14 10
10 Target S.D. 5,574,748 12 14 3,969,511 9 10 5
11 Advanta Utah 3,759,869 14 14 631,686 22 23 10
12 First National Bank Omaha Neb. 3,738,864 13 -7 1,482,066 13 15 -5
13 National City Ohio 2,582,899 15 -3 770,000 19 19 2
14 RBS National Conn. 2,472,960 17 22 931,790 18 17 10
15 CompuCredit Ga. 2,317,751 16 7 3,012,100 10 11 8
16 Barclays3 Del. 2,143,600 19 45 991,000 16 26 99
17 Navy Federal Credit Union Va. 2,110,160 18 19 580,376 23 24 8
18 Associated Bank Wis. 1,461,553 24 38 74,952 54 63 26
19 GE Utah 1,381,725 25 54 1,069,661 14 20 55
20 World’s Foremost Bank Neb. 1,205,000 22 11 560,800 24 25 11
21 BB&T Corp. Ga. 1,137,458 23 7 379,917 29 30 4
22 ICBA Bancard Va. 1,113,678 20 -1 731,261 20 18 -5
23 State Farm Bank Ill. 985,083 29 34 375,206 30 34 30
24 Fifth Third Bank Ohio 938,670 28 26 502,982 25 27 19
25 Town North Bank Tex. 885,042 27 8 405,472 28 28 3
26 Nordstrom Ariz. 805,226 31 20 411,808 26 29 7
27 Pentagon Federal Credit Union Va. 753,251 34 27 172,568 36 41 14
28 First Premier S.D. 742,066 30 4 2,901,580 11 12 9
29 Applied Card Bank4 Del. 729,260 26 -16 957,763 17 16 -3
30 Merrick Bank Utah 701,849 33 18 701,604 21 22 18
31 1st Financial Bank S.D. 680,783 35 17 406,793 27 33 18
32 Commerce Bank Mo. 672,721 32 10 310,318 32 36 9
33 Compass Bank Ala. 544,999 36 4 190,199 35 39 1
34 Golden 1 Credit Union Calif. 513,491 41 84 66,848 59 64 13
35 San Diego County Credit Union Calif. 459,189 37 -4 50,219 68 77 11
36 First National Bank Marin Nev. 400,000 43 45 1,000,000 15 21 53
37 Suncoast Schools Federal Credit Union Fla. 355,712 40 20 95,850 48 53 11
38 M&I Bank Nev., Wis. 349,675 39 5 286,000 33 35 0
39 Boeing Employees Credit Union Wash. 296,800 45 11 104,542 42 45 6
40 First Hawaiian Bank 296,000 42 7 162,000 37 40 3
41 First Citizens Bank Va. 271,616 46 5 98,915 44 46 0
42 First Tennessee 267,122 44 -2 111,042 41 44 -3
43 Pennsylvania State Employees Credit Union 261,306 48 13 80,629 52 55 1
44 Columbus Bank and Trust Ga. 253,269 47 6 97,693 45 49 3
45 SunTrust Bank Ga. 248,730 53 43 114,855 40 51 26
46 VyStar Credit Union Fla. 230,868 52 20 52,312 65 69 0
47 Orange County Teachers Federal Credit Union Calif. 230,733 51 15 101,354 43 48 5
48 Digital Federal Credit Union Mass. 222,886 49 3 80,107 53 56 0
49 E-Trade Calif. 188,600 50 -7 97,000 47 52 10
50 BMW Bank Utah 184,133 59 24 53,424 64 76 18

1 Includes MBNA.
2 Formerly Providian.
3 Formerly Juniper.
4 Formerly Cross Country Bank.

Source: The Nilson Report

© 2006 American Banker