Amex Dominates Business Credit Card Market as Transaction Volume Nears Trillion-Dollar Mark

American Express dominates the business credit card market, according to data from Javelin Strategy & Research. The company holds 38% of the market share, followed closely by Bank of America with 33%. Chase and Capital One round out the top four, while Wells Fargo takes fifth place.

The study found that these five issuers have a strong presence among business credit cardholders, with American Express leading the field. The results provide insight into the competitive landscape for business credit cards and the institutions businesses are turning to for their credit needs.

Javelin's research explores how major issuers are positioning themselves in the market, including strategies and card offerings that shape competition. With transaction volume projected to exceed $1 trillion by 2027, issuers have a significant opportunity to serve a diverse customer base.