Charge-Offs Among Top 4 Issuers Head North in 2016

Charge-Offs Among Top 4 Issuers Head North in 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers rose 5 basis points (bps) year-on-year (YOY) to 3.08%, and up 21 bps sequentially for the first quarter (1Q/16). All four issuers reported sharply higher credit card losses sequentially. Soaring Capital One losses drove the sequential gain for the peer group. The Chase…

Big 6 U.S. Issuers Gross Accounts Growth Stagnant

Big 6 U.S. Issuers Gross Accounts Growth Stagnant

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the Big 6 U.S issuers edged up 0.6% year-on-year (YOY) in the first quarter (1Q/16) to 273.4 million, compared to 270.7  million in the prior quarter, and 271.9 million one-year ago.  The growth is driven by Capital One and American Express…

Visa + MasterCard U.S. CTX Up 4.7% Driven by Credit Cards

Visa + MasterCard U.S. CTX Up 4.7% Driven by Credit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cash transactions (CTX) for Visa and MasterCard U.S. credit and debit cards in the U.S. grew by 4.7% year-on-year (YOY) in the first quarter (1Q/16). U.S. 1Q/16 credit card cash transactions were up 13.6% YOY, while U.S. debit card CTX increased 4.5%. Visa’s 1Q/16 CTX for U.S. credit cards was up…

Top 4 U.S. Issuers Card Yield Slips a Bit Except Capital One

Top 4 U.S. Issuers Card Yield Slips a Bit Except Capital One

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average yield among the nations’s Top 4 bank credit card issuers declined 9 basis points (bps) sequentially at 11.49% for the first quarter (1Q/16), compared to 11.58% for the prior quarter, and 11.54% for 1Q/15. Capital One (COF), continues to lead the Top 4 with a 14.43% 1Q/16 yield while…

UK Credit Card Debt Continues to Hover at 7% YOY Level in May

UK Credit Card Debt Continues to Hover at 7% YOY Level in May

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit continued to expand at a brisk pace in May, hovering around 10% year-on-year YOY. In May total consumer credit grew to £184.3 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 10.7% and 9.9% respectively. The Bank of England (BOE) reports consumer credit increased by…

Major 4 Networks Quarterly Profits Slip, but Hang Around $4B

Major 4 Networks Quarterly Profits Slip, but Hang Around $4B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits for the top four networks declined 1.9% year-on-year (YOY) in the first quarter (1Q/16). Visa, MasterCard, American Express and Discover reported a combined 1Q/16 profit of $3935 million, compared to $4012 million for 4Q/15 and $4012 for 1Q/15. The decline was led by MasterCard, while Visa posted the strongest gain…

Avg 30+ Day Delinquency Heads South for Top 4 Issuers

Avg 30+ Day Delinquency Heads South for Top 4 Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average early stage delinquency (30+ days) for the first quarter (1Q/16), among the nation’s Top 4 issuers, dropped 9 basis points (bps) sequentially, and dropped year-on-year (YOY) by 1 bps. Two of the Top 4, reported declines. The nation’s largest issuer, Chase, reported delinquency increased to 1.45% in 1Q/16, compared to…

Visa and MC Hit the One Billion Payment Card Accounts Milestone

Visa and MC Hit the One Billion Payment Card Accounts Milestone

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard U.S. gross (open) payment card accounts (GAC) for the first quarter (1Q/16) grew 7.1% year-on-year (YOY). U.S. credit GAC was up 7.4% YOY and U.S. debit GAC increased 6.9% YOY in 1Q/16. For the first time Visa and MasterCard set the one billion U.S. payment card accounts milestone.…

Top 4 U.S.  issuers credit card outstandings 1Q/2016

Top 4 U.S.  issuers credit card outstandings 1Q/2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained 4.0% in the first quarter (1Q/16) year-on-year (YOY) to $362.0 billion.  The gain was driven entirely by Capital One, positioned to become the nation’s second largest issuer, based on outstandings, by end-of-year (EOY) 2016. BofA, the current second…

Major 4 Networks PDV Growing Double Digits YOY Driven by V&M

Major 4 Networks PDV Growing Double Digits YOY Driven by V&M

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for the Major 4 networks (Visa, MasterCard, American Express and Discover) cards (credit + debit) in the U.S. climbed 9.0% year-on-year (YOY) in 1Q/16 hitting $1209 billion.  Visa led the way in the first quarter posting a 10.5% YOY gain for U.S. PDV. The Major 4 collectively…

Visa Adds 50 bps to its Gross Dollar Volume Marketshare

Visa Adds 50 bps to its Gross Dollar Volume Marketshare

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The nation’s four major payment card networks produced $1401 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/16) for a 9.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.2% in 1Q/15 to 58.7% in 1Q/16, largely at the expense of…

V+M+A+D U.S. Credit Card Gross Accounts +6% YOY

V+M+A+D U.S. Credit Card Gross Accounts +6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. gross accounts (GAC) in the first quarter (1Q/16) for Visa, MasterCard, American Express and Discover U.S. credit cards was up 6.1% year-on-year (YOY). At the end of 1Q/16, there were 504.4 million U.S. credit GAC compared to 498.5 million for 4Q/15, and 475.0 million for 1Q/15. Visa U.S. credit…