JPMorgan Chase is solidifying its lead in U.S. credit cards, outpacing rivals with strong growth in spending and lending, according to The Wall Street Journal. Chase ranked as the top U.S. credit-card issuer by purchase volume in 2024, according to the Nilson Report. In the second quarter of 2025, its sales volume grew over 7% year-over-year, outpacing Visa and Mastercard’s 6% growth. Chase’s average outstanding card balances rose 9% in the second quarter, and the bank aims to grow its share of outstanding card loans to 20% from 17%. Return on new card accounts acquired from 2022 to 2024 was about twice the acquisition cost. Overall revenue from card services and auto lending rose 15% in the second quarter to $6.9 billion.
