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Travel Credit Card Market By Type, By Provider, By Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 418 Pages
  • October 2023
  • Region: Global
  • Allied Market Research
  • ID: 5916481
A travel credit card is a financial tool designed to cater to the needs of frequent travelers. It functions like a typical credit card and comes with features tailored to enhance travel experiences. These cards often offer rewards and benefits such as airline miles, hotel points, or cashback on travel-related expenses. They also provide perks such as airport lounge access, travel insurance, and priority boarding. In addition, travel credit cards usually have partnerships with airlines, hotels, and other travel-related businesses, allowing cardholders to accumulate points or miles faster when they make purchases with those partners. These accumulated rewards are then redeemed for flights, hotel stays, car rentals, or other travel-related expenses, effectively helping cardholders save money on their journeys. Thus, a travel credit card is a valuable tool for individuals who frequently explore the world and seek to maximize their travel experiences while enjoying financial benefits.

The travel credit card market presents a diverse array of rewards and benefit systems designed to entice consumers through points, miles, or cashback incentives for their expenditures, which subsequently is redeemed for travel-related expenses. This forms an appealing value proposition for frequent travelers. Furthermore, the increase in affluence and disposable income, especially in emerging economies, has broadened the potential customer base as individuals seek elevated travel experiences. Therefore, these elements propel the growth of the travel credit card market. However, elevated annual fees and interest rates, coupled with limited acceptance and partner restrictions, serve as constraints, potentially dissuading some consumers from embracing travel credit cards, thereby impeding the expansion of the travel credit card market size. Conversely, opportunities for the travel credit card market share lies in technological advancements, enabling personalized experiences. Through the adept use of data analytics and AI, card issuers customize rewards and offers based on individual spending patterns and travel preferences, thereby crafting a more immersive and valuable customer experience.

The travel credit card market is segmented on the basis of type, provider, application, and region. On the basis of type, the market is bifurcated into co-branded and non-co-branded. By provider, the travel credit card industry is classified into Visa, Mastercard, and others. On the basis of application, it is categorized into transaction, discounts & offer redemption, priority access, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the travel credit card market such as American Express Company, Bank of America Corporation, Capital One Group, Caxton Payments Limited, Chase Sapphire Reserve, Citigroup Inc., HSBC, JPMorgan Chase & Co., Mastercard, and Standard Chartered. These players have adopted various strategies to increase their market penetration and strengthen their position in the travel credit card market.

Key Benefits For Stakeholders

  • The study provides in-depth analysis of the global travel credit card market along with the current & future trends to illustrate the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on the global travel credit card market size are provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global travel credit card market from 2023 to 2032 is provided to determine the market potential.

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Key Market Segments

By Provider

  • Others
  • Visa
  • Mastercard

By Application

  • Transaction
  • Discounts and Offer Redemption
  • Priority Access
  • Others

By Type

  • Co-Branded
  • Non Co-Branded

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • Mastercard
  • JP Morgan Chase & Co.
  • American Express Company
  • Standard Chartered
  • Citigroup Inc.
  • Caxton Payments Limited
  • Discover Bank
  • Bank of America Corporation
  • HSBC
  • Capital One

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: TRAVEL CREDIT CARD MARKET, BY TYPE
4.1. Overview
4.2. Co-Branded
4.3. Non Co-Branded
CHAPTER 5: TRAVEL CREDIT CARD MARKET, BY PROVIDER
5.1. Overview
5.2. Visa
5.3. Mastercard
5.4. Others
CHAPTER 6: TRAVEL CREDIT CARD MARKET, BY APPLICATION
6.1. Overview
6.2. Transaction
6.3. Discounts and Offer Redemption
6.4. Priority Access
6.5. Others
CHAPTER 7: TRAVEL CREDIT CARD MARKET, BY REGION
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. American Express Company
9.2. Bank of America Corporation
9.3. Citigroup Inc.
9.4. JP Morgan Chase & Co.
9.5. Capital One
9.6. Mastercard
9.7. Standard Chartered
9.8. HSBC
9.9. Caxton Payments Limited
9.10. Discover Bank
List of Tables
Table 01. Global Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 02. Travel Credit Card Market for Co-Branded, by Region, 2022-2032 ($ Million)
Table 03. Travel Credit Card Market for Non Co-Branded, by Region, 2022-2032 ($ Million)
Table 04. Global Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 05. Travel Credit Card Market for Visa, by Region, 2022-2032 ($ Million)
Table 06. Travel Credit Card Market for Mastercard, by Region, 2022-2032 ($ Million)
Table 07. Travel Credit Card Market for Others, by Region, 2022-2032 ($ Million)
Table 08. Global Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 09. Travel Credit Card Market for Transaction, by Region, 2022-2032 ($ Million)
Table 10. Travel Credit Card Market for Discounts and Offer Redemption, by Region, 2022-2032 ($ Million)
Table 11. Travel Credit Card Market for Priority Access, by Region, 2022-2032 ($ Million)
Table 12. Travel Credit Card Market for Others, by Region, 2022-2032 ($ Million)
Table 13. Travel Credit Card Market, by Region, 2022-2032 ($ Million)
Table 14. North America Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 15. North America Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 16. North America Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 17. North America Travel Credit Card Market, by Country, 2022-2032 ($ Million)
Table 18. U.S. Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 19. U.S. Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 20. U.S. Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 21. Canada Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 22. Canada Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 23. Canada Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 24. Europe Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 25. Europe Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 26. Europe Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 27. Europe Travel Credit Card Market, by Country, 2022-2032 ($ Million)
Table 28. UK Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 29. UK Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 30. UK Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 31. Germany Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 32. Germany Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 33. Germany Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 34. France Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 35. France Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 36. France Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 37. Italy Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 38. Italy Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 39. Italy Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 40. Spain Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 41. Spain Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 42. Spain Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 43. Rest of Europe Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 44. Rest of Europe Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 45. Rest of Europe Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 46. Asia-Pacific Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 47. Asia-Pacific Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 48. Asia-Pacific Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 49. Asia-Pacific Travel Credit Card Market, by Country, 2022-2032 ($ Million)
Table 50. China Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 51. China Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 52. China Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 53. Japan Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 54. Japan Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 55. Japan Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 56. India Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 57. India Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 58. India Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 59. Australia Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 60. Australia Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 61. Australia Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 62. South Korea Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 63. South Korea Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 64. South Korea Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 65. Rest of Asia-Pacific Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 66. Rest of Asia-Pacific Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 67. Rest of Asia-Pacific Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 68. LAMEA Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 69. LAMEA Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 70. LAMEA Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 71. LAMEA Travel Credit Card Market, by Country, 2022-2032 ($ Million)
Table 72. Latin America Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 73. Latin America Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 74. Latin America Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 75. Middle East Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 76. Middle East Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 77. Middle East Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 78. Africa Travel Credit Card Market, by Type, 2022-2032 ($ Million)
Table 79. Africa Travel Credit Card Market, by Provider, 2022-2032 ($ Million)
Table 80. Africa Travel Credit Card Market, by Application, 2022-2032 ($ Million)
Table 81. American Express Company: Key Executives
Table 82. American Express Company: Company Snapshot
Table 83. American Express Company: Service Segments
Table 84. American Express Company: Product Portfolio
Table 85. Bank of America Corporation: Key Executives
Table 86. Bank of America Corporation: Company Snapshot
Table 87. Bank of America Corporation: Service Segments
Table 88. Bank of America Corporation: Product Portfolio
Table 89. Bank of America Corporation: Key Stratergies
Table 90. Citigroup Inc.: Key Executives
Table 91. Citigroup Inc.: Company Snapshot
Table 92. Citigroup Inc.: Service Segments
Table 93. Citigroup Inc.: Product Portfolio
Table 94. Citigroup Inc.: Key Stratergies
Table 95. Jp Morgan Chase & Co.: Key Executives
Table 96. Jp Morgan Chase & Co.: Company Snapshot
Table 97. Jp Morgan Chase & Co.: Service Segments
Table 98. Jp Morgan Chase & Co.: Product Portfolio
Table 99. Capital One: Key Executives
Table 100. Capital One: Company Snapshot
Table 101. Capital One: Service Segments
Table 102. Capital One: Product Portfolio
Table 103. Mastercard: Key Executives
Table 104. Mastercard: Company Snapshot
Table 105. Mastercard: Service Segments
Table 106. Mastercard: Product Portfolio
Table 107. Mastercard: Key Stratergies
Table 108. Standard Chartered: Key Executives
Table 109. Standard Chartered: Company Snapshot
Table 110. Standard Chartered: Service Segments
Table 111. Standard Chartered: Product Portfolio
Table 112. Hsbc: Key Executives
Table 113. Hsbc: Company Snapshot
Table 114. Hsbc: Service Segments
Table 115. Hsbc: Product Portfolio
Table 116. Hsbc: Key Stratergies
Table 117. Caxton Payments Limited: Key Executives
Table 118. Caxton Payments Limited: Company Snapshot
Table 119. Caxton Payments Limited: Service Segments
Table 120. Caxton Payments Limited: Product Portfolio
Table 121. Caxton Payments Limited: Key Stratergies
Table 122. Discover Bank: Key Executives
Table 123. Discover Bank: Company Snapshot
Table 124. Discover Bank: Service Segments
Table 125. Discover Bank: Product Portfolio
Table 126. Discover Bank: Key Stratergies
List of Figures
Figure 01. Travel Credit Card Market, 2022-2032
Figure 02. Segmentation of Travel Credit Card Market, 2022-2032
Figure 03. Top Impacting Factors in Travel Credit Card Market (2022 to 2032)
Figure 04. Top Investment Pockets in Travel Credit Card Market (2023-2032)
Figure 05. High to Moderate Bargaining Power of Suppliers
Figure 06. High to Moderate Threat of New Entrants
Figure 07. High to Moderate Threat of Substitutes
Figure 08. High to Moderate Intensity of Rivalry
Figure 09. Moderate Bargaining Power of Buyers
Figure 10. Global Travel Credit Card Market: Drivers, Restraints and Opportunities
Figure 11. Travel Credit Card Market, by Type, 2022 and 2032 (%)
Figure 12. Comparative Share Analysis of Travel Credit Card Market for Co-Branded, by Country 2022 and 2032 (%)
Figure 13. Comparative Share Analysis of Travel Credit Card Market for Non Co-Branded, by Country 2022 and 2032 (%)
Figure 14. Travel Credit Card Market, by Provider, 2022 and 2032 (%)
Figure 15. Comparative Share Analysis of Travel Credit Card Market for Visa, by Country 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Travel Credit Card Market for Mastercard, by Country 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Travel Credit Card Market for Others, by Country 2022 and 2032 (%)
Figure 18. Travel Credit Card Market, by Application, 2022 and 2032 (%)
Figure 19. Comparative Share Analysis of Travel Credit Card Market for Transaction, by Country 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Travel Credit Card Market for Discounts and Offer Redemption, by Country 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Travel Credit Card Market for Priority Access, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Travel Credit Card Market for Others, by Country 2022 and 2032 (%)
Figure 23. Travel Credit Card Market by Region, 2022 and 2032 (%)
Figure 24. U.S. Travel Credit Card Market, 2022-2032 ($ Million)
Figure 25. Canada Travel Credit Card Market, 2022-2032 ($ Million)
Figure 26. UK Travel Credit Card Market, 2022-2032 ($ Million)
Figure 27. Germany Travel Credit Card Market, 2022-2032 ($ Million)
Figure 28. France Travel Credit Card Market, 2022-2032 ($ Million)
Figure 29. Italy Travel Credit Card Market, 2022-2032 ($ Million)
Figure 30. Spain Travel Credit Card Market, 2022-2032 ($ Million)
Figure 31. Rest of Europe Travel Credit Card Market, 2022-2032 ($ Million)
Figure 32. China Travel Credit Card Market, 2022-2032 ($ Million)
Figure 33. Japan Travel Credit Card Market, 2022-2032 ($ Million)
Figure 34. India Travel Credit Card Market, 2022-2032 ($ Million)
Figure 35. Australia Travel Credit Card Market, 2022-2032 ($ Million)
Figure 36. South Korea Travel Credit Card Market, 2022-2032 ($ Million)
Figure 37. Rest of Asia-Pacific Travel Credit Card Market, 2022-2032 ($ Million)
Figure 38. Latin America Travel Credit Card Market, 2022-2032 ($ Million)
Figure 39. Middle East Travel Credit Card Market, 2022-2032 ($ Million)
Figure 40. Africa Travel Credit Card Market, 2022-2032 ($ Million)
Figure 41. Product Mapping of Top 10 Players
Figure 42. Competitive Dashboard
Figure 43. Competitive Heatmap: Travel Credit Card Market
Figure 44. Top Player Positioning, 2022
Figure 45. American Express Company: Net Revenue, 2020-2022 ($ Million)
Figure 46. American Express Company: Revenue Share by Segment, 2022 (%)
Figure 47. American Express Company: Revenue Share by Region, 2021 (%)
Figure 48. Bank of America Corporation: Net Revenue, 2020-2022 ($ Million)
Figure 49. Bank of America Corporation: Revenue Share by Segment, 2022 (%)
Figure 50. Citigroup Inc.: Net Revenue, 2020-2022 ($ Million)
Figure 51. Citigroup Inc.: Revenue Share by Segment, 2022 (%)
Figure 52. Jp Morgan Chase & Co.: Net Revenue, 2020-2022 ($ Million)
Figure 53. Jp Morgan Chase & Co.: Revenue Share by Region, 2022 (%)
Figure 54. Capital One: Net Revenue, 2020-2022 ($ Million)
Figure 55. Capital One: Revenue Share by Segment, 2022 (%)
Figure 56. Mastercard: Net Revenue, 2020-2022 ($ Million)
Figure 57. Mastercard: Revenue Share by Segment, 2022 (%)
Figure 58. Mastercard: Revenue Share by Region, 2022 (%)
Figure 59. Standard Chartered: Net Revenue, 2020-2022 ($ Million)
Figure 60. Standard Chartered: Revenue Share by Segment, 2022 (%)
Figure 61. Standard Chartered: Revenue Share by Region, 2022 (%)
Figure 62. Hsbc: Net Revenue, 2020-2022 ($ Million)
Figure 63. Hsbc: Revenue Share by Region, 2022 (%)
Figure 64. Discover Bank: Net Revenue, 2020-2022 ($ Million)
Figure 65. Discover Bank: Revenue Share by Segment, 2022 (%)

Executive Summary

According to the report, the travel credit card market was valued at $16.4 billion in 2022, and is estimated to reach $48.5 billion by 2032, growing at a CAGR of 11.8% from 2023 to 2032.

The travel credit card market is likely to experience a significant growth rate of 11.8% from 2022-2032 owing to increasing demand from travelers.

A travel credit card is a specialized financial tool designed to cater to individuals who frequently engage in travel-related activities. This type of credit card differs from conventional ones in that it offers a range of benefits and rewards tailored specifically to suit the needs of travelers. When using a travel credit card, cardholders typically accumulate points, miles, or other forms of rewards based on their expenditures. These accrued rewards are then redeemed for various travel-related privileges, including, however, not limited to discounted or complimentary airfare, accommodation, car rentals, and other related expenses. In addition, travel credit cards often come with supplementary features such as travel insurance, airport lounge access, and exclusive partnerships with airlines or hotel chains, further enhancing the overall travel experience for the cardholder.

Several notable trends were shaping the travel credit card market. Digitalization and mobile integration were enhancing user experiences, allowing for seamless booking, rewards tracking, and travel planning. Many travel credit cards were placing increased emphasis on versatility, offering rewards beyond traditional travel-related expenses, such as dining, groceries, and entertainment. Additionally, sustainability and eco-conscious travel were becoming more relevant, leading to the introduction of eco-friendly perks and partnerships with sustainable travel providers. The COVID-19 pandemic had prompted card issuers to adapt by offering more flexible redemption options and benefits that catered to changing travel preferences, including staycations and road trips. It's worth noting that the dynamics of the travel credit card market may have evolved since then, and consulting current sources for the latest trends is advisable.

The travel credit card market offers various rewards and benefits system that attracts consumers by offering points, miles, or cashback for expenditures, which be redeemed for travel-related expenses. This creates a compelling value proposition for frequent travelers. In addition, rising affluence and disposable income, particularly in emerging economies, have expanded the potential customer base, as individuals seek premium travel experiences. Therefore, these factors drive the travel credit card market growth.

However, high annual fees and interest rates, along with limited acceptance and partner restrictions, act as restraints, potentially preventing some consumers from adopting travel credit cards, thus restraining the growth of travel credit card market size. On the contrary, the opportunity for growth of travel credit card market share lies in technological advancements, which allow for personalized experiences. Thus, by leveraging data analytics and AI, card issuers tailor rewards and offers to individual spending habits and travel preferences, creating a more engaging and valuable customer experience.

The travel credit card market is segmented on the basis of type, provider, application and region. On the basis of type, the market is bifurcated into co-branded and non-co-branded. By provider, the travel credit card industry is classified into Visa, Mastercard, and others. On the basis of application, it is categorized into transaction, discounts and offer redemption, priority access, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the key players profiled in the report include American Express Company, Bank of America Corporation, Capital One Group, Caxton Payments Limited, Chase Sapphire Reserve, Citigroup Inc., HSBC, JPMorgan Chase & Co., Mastercard, and Standard Chartered. These players have adopted various strategies to increase their market penetration and strengthen their position in the travel credit card market.

The impact of COVID-19 on the travel credit card market growth was predominantly negative. The pandemic led to widespread travel restrictions, lockdowns, and a sharp decline in global tourism, significantly reducing the immediate utility of travel-related rewards and benefits offered by these cards. This resulted in decreased card usage and acquisition rates, as consumers shifted spending priorities away from travel expenses. In addition, many card issuers temporarily scaled back or modified their rewards structures to adapt to the changing landscape. While some cards introduced temporary benefits like enhanced cashback for groceries or streaming services, the overall sentiment towards travel credit cards experienced a downturn. As the pandemic subsides and travel resumes, the market is gradually recovering, but the initial impact was largely negative. In response, card issuers adapted their offerings by introducing new perks like enhanced grocery and streaming rewards to better align with changing consumer priorities. As the travel industry gradually recovers, the market is now seeing a resurgence in interest for travel credit cards, but with an increased emphasis on flexibility and diverse redemption options.

Key Market Insights

By type, the co-branded segment led the travel credit card market in terms of revenue in 2022.

By provider, the Visa segment accounted for the highest travel credit card market share in 2022.

By application, the transaction segment accounted for the highest share in the travel credit card market size in 2022.

By region, North America generated the highest revenue in 2022.

Companies Mentioned

  • Mastercard
  • JP Morgan Chase & Co.
  • American Express Company
  • Standard Chartered
  • Citigroup Inc.
  • Caxton Payments Limited
  • Discover Bank
  • Bank of America Corporation
  • HSBC
  • Capital One

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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