U.S. Network Credit/Charge Cards-in-Force Up 7% YOY

U.S. Network Credit/Charge Cards-in-Force Up 7% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. credit/charge cards-in-force (CIF) in the fourth quarter (4Q/15) for Visa, MasterCard, American Express and Discover was up 7.0% year-on-year (YOY). At the end of 4Q/15, there were 647 million U.S. credit/charge CIF compared to 612 million for 4Q/14. Visa U.S. credit CIF for 4Q/15 jumped 7.9% YOY to an…

U.S. GDV for Big 6 Up 6.4% YOY Thanks to Capital One

U.S. GDV for Big 6 Up 6.4% YOY Thanks to Capital One

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 6.4% year-on-year (YOY) and 4.8% sequentially in the fourth quarter (4Q/15).  Capital One grew more than twice than the other five. Capital One, like most bank card issuers, only reports purchase dollar volume (PDV). The…

90+ Day Delinquency Among Big 6 Slowly Creeps Upward

90+ Day Delinquency Among Big 6 Slowly Creeps Upward

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers increased 7 basis points (bps) sequentially, to 0.92% for the fourth quarter (4Q/15), compared to 0.85% in the prior quarter and 0.91% one-year ago. However, all the issuers, except Chase and Capital One, were down…

AU Consumer Credit Card PDV Rises 1.9% YOY in January

AU Consumer Credit Card PDV Rises 1.9% YOY in January

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) rose by 1.8% year-on-year (YOY) in January. Purchase dollar volume (PDV) increased 1.9% YOY and cash dollar volume (CDV) declined 1.2% YOY in January. 
GDV rose in January to AU$22.6 billion, compared to AU$28.4 billion in the prior month and AU$22.2 billion one-year ago.…

UK Credit Card Lending Maintains 6%+ YOY Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit in February grew at a 9.3% annual rate to £180.7 billion. Within consumer credit, credit card lending increased by 6.7% year-on-year (YOY) to £63.8 billion and other loans/ advances increased by 10.9% YOY to £116.9 billion. All figures are seasonally adjusted. Credit card lending increased by £0.2 billion…

January consumer revolving credit card debt increased at an annual rate of -1.3%, compared to +7.0% in December and +8.4% in November. Overall consumer credit increased at a seasonally adjusted annual rate of +3.6%. Non-revolving credit increased at an annual rate of +5.4%. Total revolving credit for January posted at $935.3 billion, compared to a revised $936.4 billion in December, and a revised $930.9 billion in November, according to the Federal Reserve. Total consumer credit, at the end of January, stood at $3543.6 billion. U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers decreased 0.3% in the fourth quarter year-on-year (YOY) to $485.5 billion. U.S. CONSUMER REVOLVING CREDIT 4Q/14: $890.0 billion 1Q/15: $890.8 billion 2Q/15: $910.2 billion 3Q/15: $923.4 billion 4Q/15: $936.4 billion Source: Federal Reserve BIG 6 U.S ISSUERS OUTSTANDINGS 4Q/14: $486.8 billion 1Q/15: $461.6 billion
 2Q/15: $474.5 billion
 3Q/15: $479.4 billion
 4Q/15: $485.5 billion AMERICAN EXPRESS U.S. CREDIT OUTSTANDINGS 
4Q/14: $62.6 billion 1Q/15: $59.9 billion 2Q/15: $61.7 billion 3Q/15: $62.1 billion
 4Q/15: $51.4 billion DISCOVER U.S. CREDIT OUTSTANDINGS 
4Q/14: $56.1 billion 1Q/15: $53.5 billion 2Q/15: $54.9 billion
 3Q/15: $55.7 billion
 4Q/15: $57.9 billion CHASE U.S. CREDIT OUTSTANDINGS 
4Q/14: $131.0 billion 1Q/15: $123.3 billion 2Q/15: $126.0 billion 3Q/15: $127.0 billion 
4Q/15: $131.5 billion BANK OF AMERICA U.S. CREDIT OUTSTANDINGS 
4Q/14: $91.9 billion 1Q/15: $87.3 billion 2Q/15: $88.4 billion 
3Q/15: $88.3 billion 
4Q/15: $89.6 billion CAPITAL ONE U.S. CREDIT OUTSTANDINGS 4Q/14: $77.7 billion 1Q/15: $74.1 billion 
2Q/15: $79.0 billion
 3Q/15: $82.2 billion 
4Q/15: $87.9 billion CITIBANK U.S. CREDIT OUTSTANDINGS 4Q/14: $67.5 billion 1Q/15: $63.5 billion 2Q/15: $64.5 billion
 3Q/15: $64.8 billion
 4Q/15: $67.2 billion Source: Federal Reserve; American Express; Discover; Chase; Bank of America; Capital One; Discover For a complete archive of more than 60,000 articles published since 1995 search the CardFlash.com library.

Consumer Credit Hits the Brakes In Jan After a Solid 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] January consumer revolving credit card debt increased at an annual rate of -1.3%, compared to +7.0% in December and +8.4% in November. Overall consumer credit increased at a seasonally adjusted annual rate of +3.6%. Non-revolving credit increased at an annual rate of +5.4%. Total revolving credit for January posted at $935.3…

Credit Card Delinquency Edges Up Across the Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The 30+ day delinquency rate (not seasonally adjusted) for the top 100 U.S. banks increased 2 basis points (bps) sequentially, and up 1 bps from one-year ago for the fourth quarter (4Q/15). Among the nation’s top four card issuers, delinquency edged up by 5 bps from the prior quarter, but dropped…

AmEx Japa Region Continues Strongest GDV Growth

AmEx Japa Region Continues Strongest GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express (AXP) international gross dollar volume (GDV) for the fourth quarter (4Q/15) rose 8.0% year-on-year (YOY) on a currency adjusted basis (FX). The gain was primarily driven by the Japan, Asia Pacific & Australia (JAPA) region which soared 15.0% YOY. 

The YOY GDV FX growth rate for the three AXP…

All Top 4 Issuers Post Higher Late Stage Delinquencies

All Top 4 Issuers Post Higher Late Stage Delinquencies

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers increased 9 basis points (bps) sequentially, to 1.07% for the fourth quarter (4Q/15), compared to 0.98% in the prior quarter and 1.05% one-year ago. All the issuers were up sequentially in 4Q/15. The Chase 90+…

New AmEx/Schwab Credit and Charge Card Have Arrived

New AmEx/Schwab Credit and Charge Card Have Arrived

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After inking a multi-year, exclusive co-brand deal last year, American Express and Charles Schwab have unveiled a new credit card and a new charge card. The American Express Platinum Card® for Schwab gives clients excellent rewards, benefits, and services with the added ability to redeem Membership Rewards® points for deposits by…

Malauzai’s Takes SmartApps to Next Level with MOX

Malauzai’s Takes SmartApps to Next Level with MOX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Malauzai Software takes its SmartApps for community financial institutions to the next level as part of its Mobile Only Experience (MOX) created to deliver consistency across all screens for consumers, businesses and branch employees. The latest enhancements include an updated design and user experience with expanded navigational tools, dynamic personalization and advanced…