Proprietary Report with Analysis on Big 6 U.S. Credit Card Purchase Dollar Volume.
U.S. Purchase Dollar Volume (PDV), for credit cards, among the Big 6 U.S. card issuers, rose 9.2% year-on-year (YOY) for the first quarter (1Q/17). Citi scorched the Big 6 with a 50%+ YOY gain driven by the Costco card acquisition.
The Big 6 U.S. issuers racked up $524.0 billon in PDV for 1Q/17, compared to $532.8 billion in 4Q/16 and $479.8 billion in 1Q/16.
American Express posted a 6.1% YOY decline in U.S. PDV, handling an estimated $160.4 billion in 1Q/17 PDV, compared to . . .