The Largest Credit Card Issuers (based on 4Q 2003 managed receivables)

   Receivables
  Issuer (billions)
  Bank One/Chase1 $127.9
  Citigroup2 $119.8
  MBNA $85.8
  Discover $48.4
  Capital One $46.3
  American Express $38.5
  Bank of America $36.6
  Note: Rankings are based on U.S. receivables unless noted.  
  1 Bank One, $76.3 billion; Chase, $51.6 billion. 
  2 Figures are for North America and exclude Citi's $29 billion in private-label outstandings. 
  Source: Company reports, CCM
 

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