NAICS UNIVERSITY · Free research for insurance agents
Credit Card Issuing
NAICS 522210 · United States · 2022 edition
This industry comprises establishments primarily engaged in providing credit by issuing credit cards. Credit card issuance provides the funds required to purchase goods and services in return for payment of the full balance or payments on an installment basis. Credit card banks are included in this industry.
Start with the work promised to the client.
For Credit Card Issuing, clarify the services, contracts and consequences of an error. Review cyber liability, financial institution bond / crime, errors and omissions / professional liability. Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- Is the entity a chartered credit card bank, a non-bank issuer, or operating under a bank sponsorship arrangement?
- What is the approximate size of the active cardholder portfolio?
- What is the current PCI-DSS compliance status, and who performs the annual assessment?
- Are card processing and data storage handled in-house, through third-party processors, or a combination?
- Any prior data breaches, cyber incidents, or regulatory enforcement actions in the past five years?
- Does the entity have contractual indemnity obligations to card network partners or bank sponsors?
- For Credit Card Issuing, what should the underwriter know about prior data breach, card fraud, or cyber incident with significant cardholder impact?
- For Credit Card Issuing, what should the underwriter know about regulatory enforcement actions, consent orders, or pending cfpb or state regulatory investigations?
Activities described by this code
Other activities to examine
- Factoring accounts receivables: 522299 — International, Secondary Market, and All Other Nondepository Credit Intermediation;
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Credit card issuers extend revolving credit to consumers or businesses through branded card programs, processing transactions, managing cardholder accounts, and collecting payments. Operations are heavily technology- and data-dependent, with large volumes of personally identifiable financial information maintained in-house or through third-party processors. Some entities operate as credit card banks with formal regulatory charters; others function as non-bank issuing programs in partnership with bank sponsors.
Questions to investigate
- Is the entity a chartered credit card bank, a non-bank issuer, or operating under a bank sponsorship arrangement?
- What is the approximate size of the active cardholder portfolio?
- What is the current PCI-DSS compliance status, and who performs the annual assessment?
- Are card processing and data storage handled in-house, through third-party processors, or a combination?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.