Yields among the nation’s top 6 credit card issuers are expected to remain healthy in the second quarter with Capital One leading the way with its average yield hovering at 14.2%. Chase and Discover are effectively tied for second place at 12%+.
In the first quarter Capital One (COF) bested competitors by 200 basis points (bps) . However, COF has the highest delinquency and charge-offs, hallmarks of the sub-prime exposure, according to CardData.
AMERICAN EXPRESS U.S. CREDIT CARD YIELD
DISCOVER U.S. CREDIT CARD YIELD
CHASE U.S. CREDIT CARD YIELD
BANK OF AMERICA U.S. CREDIT CARD YIELD
CAPITAL ONE U.S. CREDIT CARD YIELD
CITIBANK U.S. CREDIT CARD YIELD
AMEX – net interest yield on EOP cardholder loans
DISC – interest yield
CHSE – total net revenue (noninterest revenue + net interest income) as percentage of average loans
BOFA – gross interest yield
COF – average yield on credit card loans held for investment
CITI – average yield is calculated as gross interest revenue earned divided by average loans
For data, background and forecasts on Credit Card Yields: 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).