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 »  Articles  »  News  »  MasterCard Credit Card Spending
Credit Federal
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MasterCard Credit Card Spending
By Credit Federal | Published 03/17/2006

Consumers love their credit card... and MasterCard has reported record results for 2005. Specifically, double-digit net revenue growth, up 13.3% to $2.9 billion.
Record net income of $267 million, or $2.67 per share. 749.3 million MasterCard cards issued globally, up 10.5%, and more than 24 million acceptance locations.

According to MasterCard, the increase in revenue was due primarily to higher gross dollar volume (GDV) on MasterCard branded cards, up 11.9% to $1.7 trillion, and growth in the number of transactions processed by MasterCard in 2005. GDV growth was fueled by cardholders using the 749.3 million MasterCard cards issued by the company's global customer base at more than 24 million acceptance locations around the world. MasterCard achieved strong international growth, driven primarily by an increase in cross-border travel. Certain pricing changes that went into effect on April 1, 2005 also fueled the increase in revenue.

Browse MasterCard Credit Card offers at Credit Federal and submit an online application.

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