The credit card industry is anchored on continued innovations in marketing and technology, leading to increased competition among credit card companies. As credit card companies invest billions of dollars into marketing activities, with the goal of acquiring new customers and growing their customer base, they will continue to be a key driver in the payments ecosystem. Credit card has been a payment card issued to users to enable cardholders to pay for goods and services for an amount and agreed charges. With credit card payments set to remain the largest in-store payment type by volume, it is forecasted to reach $1.82 trillion in annual volume by 2024.