FNBO’s First Bankcard has landed the Northern Illinois University Alumni Association, representing more than 200,000 NIU alumni worldwide, for the launch of the new NIU Alumni Visa Card.
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers will likely rise 2.5% year-on-year (YOY) in the third quarter says RAM Research. Big 6 outstandings rose by a mere 2.3% YOY in the second quarter to $474.5 billion, according to CardData.
Charge-offs among the nation’s top 6 issuers are expected to notch upwards by 3 basis points (bps) in the third quarter expects RAM Research. Charge-offs among the nation’s top 6 issuers dropped 22 bps year-on-year (YOY) to 2.81% for the second quarter, and down 16 bps sequentially, according to CardData.
The average yield among the nations’s top six bank credit card issuers is expected to trickle upwards to 11.67% for the third quarter says RAM Research. The gang of six posted an average yield of 11.16% for the second quarter, according to CardData.