Proprietary Report with Analysis on Big 6 U.S. Credit Card Gross Dollar Volume.
U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 10.0% year-on-year (YOY) in the first quarter (1Q/17). The growth was driven by Citibank offset somewhat by an American Express decline.
Citibank grew four-fold over the second highest gainer in the peer group, Chase. Chase, Bank of America (BofA), Capital One and Citibank reports purchase dollar volume (PDV) only. Therefore, GDV for these issuers is based on PDV and historical rates and industry averages.
The top six U.S. issuers racked up an estimated $552 billion in GDV for 1Q/17, compared to . . .