U.S. credit card profits among the nation’s Big 6 issuers soared beyond the stratosphere in fourth quarter (4Q/18) and all of 2018, rising from about $3 billion per quarter in 2017 and 2016 to $4.5 billion. Profits (after tax) among the nation’s Big 6 U.S. credit card issuers (Chase [JPM]; Capital One [COF]; Bank of…
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U.S. credit card cash volume for Visa and MasterCard (credit + debit) in the fourth quarter (4Q/18) grew at an annual rate (YOY) of 3.6%. The growth was driven by Visa credit cards. Visa U.S. payment card (credit + debit) cash dollar volume (CDV) for 4Q/18 was up 3.1%. MasterCard U.S. payment card (credit +…
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As a peer group, the Big 6 U.S. issuers (Chase [JPM], Capital One [COF], Bank of America [BAC], Citibank [C], Discover [DFS], American Express [AXP]), control 52.6% of the U.S. credit card market based on 4Q/18 outstandings, compared to a 54.8% credit card marketshare for the third quarter, and 56.0% for 4Q/17. The Big 6…
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Average credit card Q4 yield, among the nations’s Big 6 bank card issuers, edged up by 10 basis points (bps) sequentially at 12.06% and up 66 bps year-on-year (YOY) for the fourth quarter (4Q/18), compared to 11.96% for the prior quarter, and 11.40% for 4Q/17, according to data gathered by CardData. The U.S. Big 6…
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More evidence emerges as to how badly the “Trump Shutdown” affected American consumers and small business. The continuing concerns over trade tariffs, potential interest rate hikes, taxes, deregulation, unstable corporate earnings, and ever changing geopolitical winds are especially frustrating for small business planning. Whether to hire additional employees, make capital investments, raise prices, or boost…
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Visa Mastercard cards-in-force (CIF) for U.S. payment cards (credit & debit) increased 6.1% year-on-year (YOY) in the fourth quarter (4Q/18), compared to a 2.1% YOY gain in the prior quarter. Visa and Mastercard U.S. credit cards increased 3.4% YOY while CIF for debit cards rose 8.1% YOY, in 4Q/18. There are were 1371 million Visa…
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The average late stage credit card delinquency (90+ day) among the nation’s six largest issuers edged up eight basis points (bps) sequentially, to 1.13% for the fourth quarter (4Q/18), and up three bps from one-year ago (YOY). The average U.S. 90+ day delinquency rate among the Big 6 issuers (Chase [JPM], Capital One [COF], Bank…
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U.S. payment card GDV (Gross Dollar Volume) for Visa and MasterCard (credit + debit) in the fourth quarter (4Q/18) grew 9.8% year-on-year (YOY). U.S. debit card GDV out gained credit cards GDV in the U.S. by 180 basis points (bps) YOY. Visa and Mastercard U.S. payment card GDV tabulated to $1588 billion for 4Q/18, compared…
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Early stage delinquency (30+ days) among the nation’s Big 6 issuers inched up by nine basis points (bps) sequentially in the fourth quarter (4Q/18) to 2.08%, and up by seven bps year-on-year (YOY). According to CardData, the average U.S. 30+ day delinquency rate among the Big issuers (Chase [JPM], Capital One [COF], Bank of America…
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Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards soared 15.9% year-on-year (YOY) in the fourth quarter (4Q/18). The YOY growth rate has been steadily expanding each quarter. One-year ago the YOY PTX growth rate was 12.5%. The two networks combined processed 69.1 billion purchase transactions in 4Q/18, compared to 65.6 billion for…
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U.S. credit card outstandings end-of-period (EOP) among the Big 6 credit card issuers increased 2.7% in the fourth quarter (4Q/18) year-on-year (YOY), compared to a 6.8% YOY for the year ago quarter. Over the past two years, Big 6 outstandings have jumped 9.7%. The Big 6: Chase (JPM), Capital One (COF), Bank of America (BAC),…
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Credit card accounts in the fourth quarter (4Q/18) for the U.S. Major 4: Visa, Mastercard, American Express and Discover, were up 5.0% year-on-year (YOY). For 4Q/17 the Major 4 gained 0.7% YOY and during 2016, the Major 4 increased U.S. gross credit card accounts (GAC) by 5.6%, according to data gathered by CardData. Mastercard led…
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