U.S. credit card marketshare, based on purchase dollar volume (PDV) among the top 4 U.S. bank credit card issuers, shows Citi was the only issuer with a positive gain in the first quarter (1Q/16), compared to the prior quarter.
While Chase continues to hold a commanding 24.5% marketshare for 1Q/16, there was a 10 basis points (bps) decline from 4Q/15.
Compared to the prior quarter, Capital One declined 30 bps to 12.6%, compared to 12.9% for 4Q/15.
Compared to the prior quarter, Bank of America declined 80 bps to 10.3%, compared to 11.1% for 4Q/15.
Compared to the prior quarter, Citibank increased 10 bps to 9.3%, compared to 9.2% for 4Q/15.
The rest of the industry claimed a sequential gain of 110 bps in the first quarter to 43.3%, compared to 42.2% for 4Q/15.
Chase posted a 7.9% YOY gain in U.S. PDV, with $121.7 billion in 1Q/16 PDV, compared to $130.8 billion for 4Q/15, and $112.8 billion for 1Q/15.
Capital One posted a whopping 20.4% YOY gain in U.S. PDV, with $62.6 billion in 1Q/16 PDV, compared to $68.7 billion in the prior quarter, and $52.0 billion in the year ago quarter.
Bank of America posted a 2.0% YOY gain in U.S. PDV, with $51.2 billion in 1Q/16 PDV, compared to $58.8 billion for 4Q/15, and $50.2 billion for 1Q/15.
Citibank posted an 12.2% YOY gain in U.S. PDV, with $45.9 billion in 1Q/16 PDV, compared to $49.0 billion in the prior quarter, and $40.9 billion in the year ago quarter.
TOP 4 U.S. PDV
1Q/15: $255.9 billion
2Q/15: $290.0 billion
3Q/15: $293.5 billion
4Q/15: $307.3 billion
1Q/16: $281.4 billion
V+M U.S. Credit Card PDV
1Q/15: $449 billion
2Q/15: $504 billion
3Q/15: $513 billion
4Q/15: $532 billion
1Q/16: $496 billion
TOP 4 U.S. PDV MARKETSHARE
Chase: 24.5%
COF: 12.6%
BofA: 10.3%
Citi: 9.3%
Others: 43.3%
CHASE U.S. CREDIT CARD PDV
1Q/15: $112.8 billion
2Q/15: $125.7 billion
3Q/15: $126.6 billion
4Q/15: $130.8 billion
1Q/16: $121.7 billion
CAPITAL ONE U.S. CREDIT CARD PDV
1Q/15: $52.0 billion
2Q/15: $62.2 billion
3Q/15: $63.8 billion
4Q/15: $68.7 billion
1Q/16: $62.6 billion
BANK OF AMERICA U.S. CREDIT CARD PDV
1Q/15: $50.2 billion
2Q/15: $56.0 billion
3Q/15: $56.5 billion
4Q/15: $58.8 billion
1Q/16: $51.2 billion
CITIBANK U.S. CREDIT CARD PDV
1Q/15: $40.9 billion
2Q/15: $46.1 billion
3Q/15: $46.6 billion
4Q/15: $49.0 billion
1Q/16: $45.9 billion
Source: Chase; Bank of America; Capital One; Citibank;
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