Financial Services

Global Charge Card Market Size, Drivers, Trends, Opportunities And Strategies – Includes Charge Card Market Demand

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032


The lack of a pre-set spending limit and greater flexibility in spending are expected to drive innovation in charge card manufacturing, thus driving the market during the forecast period.


The global charge card market is expected to grow from $1.96 billion in 2022 to $1.99 billion in 2023 at a compound annual growth rate (CAGR) of 1.5%. The charge card market is expected to grow from $2.15 billion in 2027 at a CAGR of 2.0%.


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Global Charge Card Market Segments Include:

  • By Type: Gold Card, Platinum Card, Plum Card, Business Gold Card, Business Platinum Card, Other Types
  • By Institution Type: Banking Institutions, Non-Banking Institutions
  • By End User: Retail, Corporate, Government/Public Sector
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global charge card market in 2021.


Major Market Players in the charge card market include American Express, Diners Club, Coutts Silk, Abc, Xyz.


Product innovation has emerged as the key trend gaining popularity in the charge card market. Major companies operating in the charge card market are focused on innovative solutions to sustain their position in the market. For instance, in September 2022, Mercury, a US-based financial technology company operating in the charge card market, launched a corporate charge card called IO Mastercard, built to help founders scale their companies with confidence. It offers automatic 1.5% cashback on everything, with no personal credit check, a 0% annual percentage rate, and a 30-day interest-free repayment period. The IO Card offers simple cashback rewards, quick and easy signup, simple employee card onboarding, spending controls, receipt collection, and automatic payment schedules.


The Charge Card Global Market Report 2023  provides a charge card market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The charge card market forecast analyzes charge card market size, charge card market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


A charge card is a sort of electronic payment card that does not charge interest but requires to pay the statement balance in full on a monthly basis.


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