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Photo: Markus Winkler/ Unsplash

신용카드 주식: 플라스틱 판타스틱

4 심볼업데이트됨
지금 구매하고 나중에 지불하세요. 누가 이에 대해 이의를 제기할 수 있습니까? 우리의 작은 플라스틱(지금은 디지털) 친구들은 70년 이상 우리와 함께 해왔고, 우리가 제때에 요금을 지불하지 않을 경우 쌓이는 많은 요금을 염두에 두고, 그동안 우리가 살 수 없었을지도 모르는 물건들을 살 수 있는 능력을 우리에게 주었습니다. 신용 카드는 이제 삶의 필수적인 부분이 되었으며(2억 명 이상의 미국 성인이 소유하고 있음) 신용 카드 없이 집을 떠나는 것은 상상하기 어렵습니다. 그러나 그것들은 현명한 투자입니까?

오늘날에도 많은 도전자들이 등장하고 있지만 신용 업계의 주요 업체는 다음과 같습니다. 여기에는 고객에게 비자나 마스터카드를 배포하는 은행이나 금융 기관과 같은 카드 발급사는 포함되지 않습니다. 트레이드를 시작하기 앞서 언제나 여러분 스스로 백그라운드 체크를 하십시오.

심볼 요약


There’s hardly any place unconquered by credit card network Visa. How is this payments juggernaut doing it? Interchange rate – that’s all you need to know about Visa’s business model. Visa is entirely reliant on that rate, known as swipe, to keep its gig going. Merchants paid $105bn in swipe when shoppers dished out about $5tn in purchases in 2021. And because Visa, together with Mastercard, handles more than 70% of all US-based credit card transactions, it can up the ante. Visa ranks first among all S&P 500 companies with the highest margin – up to a hefty 65% operating margin. Annual net income arrived at $12bn on $24bn net revenue.


A runner-up or an ally? Payments processor Mastercard is the one to complement Visa’s dominance over the global credit card network. Riding on a roughly $350bn market cap, the company is trading close to record highs, despite the broader market’s sharp decline in 2022. The firm’s financials have been buoyed by all of us swiping those plastics. Because a good 2% to 3% of the charge goes to the issuer, Mastercard racked up a solid $8.6bn in 2021 on earnings of $18.8bn. Mastercard, and its big bro Visa, have been taking heat for suffocating smaller challengers in the payments world as these two legacy operators act as gatekeepers to the space.


Credit card group American Express, or AmEx for short, did its best to emerge from the post-pandemic hangover as the new reality threw the market into a tantrum. To somehow cushion the effects of fast-paced rate hikes in 2022, AmEx turned defensive by setting aside more money for bad loans than Wall Street expected. As much as $778m were stuffed into provisions for credit losses by Sept. 30, 2022. Besides spooking investors, AmEx also sent a warning that it’s not really trusting borrowers to pay back their loans. Still, shares have been performing well, with their price hugging the flatline compared to a year ago. Not too shabby.


Discover Financial is a card group founded in 1985 with the mission to create payment solutions that connect people to commerce. After several rebranding campaigns and ownership changes, Discover got spun off from investment bank Morgan Stanley in 2006 to start living the life of a publicly traded independent company. Today, Discover is not exactly a notable rival to the big-league players such as Visa and Mastercard – it handles about 2% of the card transactions taking place in the US. Share price has been rather stable, hovering slightly in the red over the past year but up more than triple since the covid bottom of March 2020.