Capital One’s (COF) international credit card outstandings, not currency adjusted, increased 6.7% year-on-year (YOY) in the third quarter (3Q/15), while purchase dollar volume (PDV) soared 60.5% YOY. Delinquency dropped 69 basis points (bps) and charge-offs sunk 152 bps YOY.
For the third quarter, COF reported $8.0 billion in international credit card outstandings, (not currency adjusted), compared to $8.2 billion in the prior quarter and $7.5 billion for the year ago quarter.
For 3Q/15, COF reported $6.1 billion in international credit card PDV, (not currency adjusted), compared to $6.4 billion in the prior quarter and $3.8 billion for the year ago quarter.
Early stage delinquency (30+ days) edged up to 3.39% for 3Q/15, compared to 3.29% for 2Q/15, but down from 4.08% in 3Q/14.
Charge-offs dropped dramatically to 1.80% for the third quarter, from 2.65% for the second quarter and 3.32% in the year-ago quarter.
COF INTL PDV
3Q/14: $3.8 billion
4Q/14: $5.3 billion
1Q/15: $5.4 billion
2Q/15: $6.4 billion
3Q/15: $6.1 billion
COF INTL OUTSTANDINGS
3Q/14: $7.5 billion
4Q/14: $8.2 billion
1Q/15: $7.6 billion
2Q/15: $8.2 billion
3Q/15: $8.0 billion
COF INTL 30+ DELINQUENCY
Source: Capital One
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