The average yield among the nations’s top six bank credit card issuers came in at 11.30% for the fourth quarter (4Q/15), compared to 11.26% in the prior quarter, and 11.12% for 4Q/14.
Capital One (COF), the nation’s fastest growing major credit card issuer, again posted the highest yields, besting the average by 301 basis points (bps) in 4Q/15.
For 4Q/15, American Express was down 10 bps sequentially, but up 20 bps year-on-year (YOY).
For 4Q/15, Discover was up 17 bps sequentially, and up 12 bps YOY.
For 4Q/15, Chase was up 32 bps sequentially, and up 107 bps YOY.
For 4Q/15, BofA was flat sequentially, and down 11 bps YOY.
For 4Q/15, Capital One was down 4 bps sequentially, and down 12 bps YOY.
For 4Q/15, Citibank was down 11 bps sequentially, and down 10 bps YOY.
BIG 6 U.S. CREDIT CARD YIELD
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
Source: American Express; Discover; Chase; Bank of America; Capital One; Citibank
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 a complete archive of more than 60,000 articles published since 1995 search the CardFlash.com library.