Chase Credit Cards Account For Almost 18% Of All Credit Card Purchases In The U.S.

JPMorgan Chase reported total purchase volumes of $545 billion across all credit cards issued by it in the U.S. over 2016 – representing a nearly 18% share of the industry. This is largely because the banking giant is also the largest issuer of credit cards in the country. Notably, the six largest card issuers accounted for just over 60% of the total credit card purchases for the year.

The credit card purchase volume for individual issuers is taken from their respective quarterly earnings releases. Figures for American Express and Discover represent purchase volumes only for cards issued by them, with purchases made on AmEx or Discover-branded cards issued by other banks included in the total figure for the issuing bank. The total U.S. card purchase volume is as detailed by us in our previous article.

You can see how changes to JPMorgan’s total card purchase volumes affects our price estimate for the bank by modifying the chart below.

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