When U.S. credit card issuers started trickling into the United Kingdom about five years ago, British banks took little notice.

Fast-forward to today: U.S. banks account for more than 10% of the British cards market, twice as much as two years ago. Analysts estimate that the percentage will at least double in the next five years.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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