Chip Lupo, Credit Card Writer
@CLoop
Bank of America has a credit card market share of around 9.92%, based on outstanding balances. That makes Bank of America the 5th largest credit card issuer in the U.S., by outstanding balances, and the company also has 55.4 million cards in circulation.
Bank of America Market Share vs. Top Competitors by Outstanding Balances
| Credit Card Company | Market Share |
| Bank of America | 9.92% |
| Chase | 16.54% |
| American Express | 12.36% |
| Citibank | 11.56% |
| Capital One | 10.51% |
Source: Nilson Report (2022)
Bank of America has the 5th most credit cards in circulation among major U.S. issuers. Bank of America also ranks 413.97 billion among major credit card companies in terms of purchase volume, with 413.97 billion in purchases made in 2021. You can learn more about Bank of America credit card offers on WalletHub.
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Chip Lupo, Credit Card Writer
@CLoop
Bank of America has a credit card market share of around 9.92%, based on outstanding balances. That makes Bank of America the 4th largest credit card issuer in the U.S., by outstanding balances, and the company also has 56.8 million cards in circulation.
Bank of America Market Share vs. Top Competitors by Outstanding Balances
| Credit Card Company | Market Share |
| Bank of America | 9.92% |
| Chase | 16.54% |
| American Express | 12.36% |
| Citibank | 11.56% |
| Capital One | 10.51% |
Source: Nilson Report (2022)
Bank of America has the 5th most credit cards in circulation among major U.S. issuers. Bank of America also ranks 5th among major credit card companies in terms of purchase volume, with 244.14 billion in purchases made in 2022. You can learn more about Bank of America credit card offers on WalletHub.
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4 Biggest Credit Card Companies
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