U.S. credit card outstandings for the four major networks rose 4.9% last year with American Express leading the charge with a 7.2% year-on-year (YOY) increase. U.S. card loans (including securitized receivables) hit $878.0 billion at end-of-year (EOY), according to CardData.
Visa and MasterCard issuers reported $759.3 billion in EOY U.S. outstandings, a 4.6% YOY increase.
American Express reported $62.6 billion in EOY U.S. outstandings, a 7.2% YOY increase.
Discover reported $56.1 billion in EOY U.S. outstandings, a 5.5% YOY increase.
VISA + MASTERCARD $725.3 billion
AMERICAN EXPRESS $ 58.4 billion
DISCOVER $ 53.2 billion
TOTAL $836.9 billion
VISA + MASTERCARD $759.3 billion
AMERICAN EXPRESS $ 62.6 billion
DISCOVER $ 56.1 billion
TOTAL $878.0 billion
VISA + MASTERCARD +4.6%
AMERICAN EXPRESS +7.2%
VISA + MASTERCARD 86%
AMERICAN EXPRESS 8%
The top 5 U.S. issuers held $427 billion in U.S. credit card outstandings at EOY 2014. Issuers ranked between #6 and #10 held $160 billion while issuers between #11 and #50 held $191 billion in U.S. credit card outstandings, according to CardData.
Based on the top issuer growth figures forecaster RAM Research projects 2015 EOY outstandings to rise 5.2% to $924 billion.
For data, background and forecasts on U.S. Credit Card Outstandings: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).