The average yield among the nations’s Top 4 bank credit card issuers came in at 11.58% for the fourth quarter (4Q/15), compared to 11.53% for the prior quarter, and 11.38% for 4Q/14.
Capital One (COF), continues to lead the Top 4 with a 14.31% 4Q/15 yield while BofA was at the bottom with a 9.15% yield.
For 4Q/15, Chase’s yield of 12.54% was up 32 bps sequentially, and up 107 bps YOY.
For 4Q/15, BofA’s yield of 9.15% was flat sequentially, and down 11 bps YOY.
For 4Q/15, Capital One’s yield of 14.31% was down 4 bps sequentially, and down 12 bps YOY.
For 4Q/15, Citibank’s yield of 10.31% was down 11 bps sequentially, and down 10 bps YOY.
AVERAGE TOP 4 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
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
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