U.S. retail store credit card comparison tableBy Tyler Metzger
Here are the top issuers of retail store credit cards in 2007. There are two kinds of retail credit cards: private label, the dominant form, in which a bank runs the card program on behalf of the retailer; and in-house, in which the retailer runs its own card program. Approvals for most store credit cards are expected to shrink in the coming months as retailers and banks both tighten credit card lending standards due to the ailing economy.
| Rank |
Issuer |
Outstandings |
Charge volume |
Cards |
| |
|
in mil. |
%chg |
in mil. |
%chg |
in thous. |
%chg |
| |
Private Label
|
|
|
|
|
|
|
| 1 |
GE Money |
$36,920.2 |
4% |
$61,856.6 |
-2% |
273,741 |
-4% |
| 2 |
Citi |
$29,460.0 |
5% |
$21,500.0 |
-1% |
57,960 |
-3% |
| 3 |
HSBC |
$17,411.0 |
5% |
$23,082.0 |
4% |
36,400 |
2% |
| 4 |
Chase |
$4,346.0 |
12% |
$10,439.9 |
38% |
34,604 |
-10% |
| 5 |
Alliance Data(1) |
$4,002.6 |
-2% |
$7,079.5 |
-1% |
94,239 |
-15% |
| 6 |
Wells Fargo |
$2,988.6 |
3% |
$4,006.3 |
-1% |
4,205 |
-23% |
| 7 |
TD Retail(2) |
$480.0 |
2% |
$640.0 |
3% |
1,060 |
6% |
| |
Other |
$639.2 |
-4% |
$1,665.6 |
-5% |
2,717 |
-7% |
| |
Total private |
$96,247.6 |
4% |
$130,269.8 |
1% |
504,925 |
-6% |
| |
In-house |
|
|
|
|
|
|
| 1 |
AAFES* |
$2,327.1 |
10% |
$1,509.5 |
5% |
1,804 |
7% |
| 2 |
Signet/Sterling |
$900.6 |
9% |
$1,422.4 |
4% |
1,555 |
5% |
| 3 |
Nordstrom |
$706.9 |
6% |
$1,532.7 |
4% |
4,926 |
5% |
| 4 |
Charming Shoppes |
$595.9 |
77% |
$858.8 |
84% |
15,100 |
57% |
| 5 |
Target |
$544.9 |
-17% |
$1,198.2 |
-23% |
8,285 |
-15% |
| 6 |
Cato |
$46.8 |
-6% |
$862.7 |
5% |
558 |
-12% |
| |
Other(3) |
$560.0 |
-3% |
$1,165.0 |
-76% |
8,400 |
-5% |
| |
Total in-house |
$5,682.2 |
9% |
$8,549.2 |
-29% |
40,627 |
11% |
| |
Total store cards |
$101,929.8 |
5% |
$138,819.1 |
-1% |
545,553 |
-5% |
(1) Lane Bryant moved in-house to parent Charming Shoppes and purged old accounts on file. (2) Formerly Shoppers Charge Accounts. (3) Charge volume for 2006 included partial year figures for Kohl's, Belk and Peir 1 before their sale to private label issuers. *Army & Air Force Exchange. Percent change is calculated from 2006 data.
Source: The Nilson Report, July 2008
See related: Retailers tightening credit card standards
Published: November 10, 2008
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