Rewards Credit Card Market: Key Segment that May Turn Out as Game Changer

Rewards Credit Card Market Comprehensive Study Released with Forecast to 2027
According the report, Swing in credit card spending and offers over the past several is one of the primary growth factors for the market. Growing the adoption of the Cashless transactions is also expected to contribute significantly to the Rewards Credit Card market. Overall, applications of Rewards Credit Card, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Rewards Credit Card market identified that the demand is rising in many different parts of the world as "Demand For Credit Cards Has Rebounded with an increase in card applications ". Furthermore, some recent industry insights like "In July 2021- Bank of America announced the launch of the Bank of America Unlimited Cash Rewards credit card, which allows clients to earn unlimited 1.5% cash back on all purchases. This new credit card is the latest among Bank of America’s suite of rewards cards, each designed to fit a variety of clients’ needs. and In August 2021- Capital One launched the SavorOne Rewards for Students and Quicksilver Rewards for Students credit cards, student versions of Capital One's flagship credit cards designed to provide valuable rewards and more choices for customers beginning their credit journey." is constantly making the industry dynamic. One of the challenges that industry facing is "Due to high-interest rest customers could not use credit cards"

The Card Type, such as Personal, is boosting the Rewards Credit Card market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Credit Score, such as Superprime, is boosting the Rewards Credit Card market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Rewards Credit Card market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Rewards Credit Card market and other related sub-markets covered in the study.

o Key & emerging players in the Rewards Credit Card market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Rewards Credit Card market size is calculated using market estimation process, the Rewards Credit Card market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Rewards Credit Card market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales