Credit card debt information (2006-2007)

Credit card debt information (2006-2007)

Credit card industry facts (2006-2007)

• The top 10 credit card issuers controlled approximately 88 percent of the credit card market at the end of 2006, based on credit card receivables outstanding (Source: FDIC)
• With its acquisition of MBNA, Bank of America became the nation's largest credit card issuer in 2006, followed by Chase and Citi. (Source: Nilson Report)