Value of consumer credit card rewards ‘to exceed $108bn by 2026’

The value of consumer credit card rewards will exceed $108 billion by 2026, according to research from analyst firm Juniper Research.

Juniper said the value of these rewards currently sits at $92 billion.

The analyst firm said this 15 per cent growth will be driven by an increase in the adoption of co-branded credit cards by retailers to boost repeat user engagement.

Juniper claims consumers preference for having their loyalty record in one place, instead of spread across multiple apps or physical cards, will push the global value of credit card rewards to increase.

The research found that China would be a significant growth area for consumer credit card rewards, predicting these will grow by 18 per cent between 2022 and 2026.

In addition, the research found that the total value of personal credit card rewards will be triple that of corporate credit cards in 2026, saying that while corporate cards are often used for travel purposes, this significantly reduced during the pandemic, with steady growth anticipated as the situation normalises

The analyst firm recommended that payment providers enter strategic partnerships with retailers or brands to exploit the full potential of credit card reward schemes, claiming they will fall behind more appealing alternatives if not.

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.