The initial numbers show 1994 was a banner year for the credit card industry, but analysts say much of the growth in receivables and accounts came from existing customers rather than an influx of new cardholders.

It was also a year in which the industry's richest continued to get richer, with growth concentrated among such issuers as AT&T Universal, MBNA Corp., and First USA Inc.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.