International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.6% year-on-year (YOY) in the first quarter (1Q/16). International GTX for credit cards increased 11.9% YOY while international GTX for debit cards soared 20.9% YOY in 1Q/16. In the first quarter gross international payment card GTX for Visa and MasterCard came…
Early stage delinquency (30+ days) among the nation’s top 6 issuers declined six basis points (bps) sequentially in the first quarter (1Q/16) to 1.75%, but remains one bps above last year’s 1.74%. Five of the Big 6, including Chase, Bank of America, Capital One. Citibank, and Discover, posted lower or flat 30+ day delinquency in…
The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers was flat sequentially, to 0.92% for the first quarter (1Q/16), but up 4 basis points (bps) from one-year ago (YOY). Three issuers were flat or down sequentially. The AmEx 90+ day delinquency rate remained flat sequentially, and from one-year…
U.S. consumer revolving credit card soared in June, growing at an annual rate of +9.7%, compared to a revised +2.2% annual rate in May and a revised +1.3% annual rate in April. Overall consumer credit increased at a seasonally adjusted annual rate of +4.1% in June. Non-revolving credit increased at an annual rate of +2.1%.…
Australian credit card outstandings edged up by 1.6% year-on-year (YOY) in May. Credit card credit limits increased 3.1% YOY and the number of credit card accounts rose 2.2% YOY. The average balance per account in May declined 1.5% YOY to AU$3147, compared to AU$3149 for April, and AU$3196 for May 2015. Credit card outstandings for…
U.S. Credit Cards-in-Force (CIF) among the Big 6 issuers grew 1.5% year-on-year (YOY) at the end of the first quarter (1Q/16), up 5.4 million cards YOY to 354.9 million cards. This compared to 352.6 million in 4Q/15 and 349.5 million for 1Q/15. Capital One was the only issuer to post a solid YOY gain…
Charge-offs among the nation’s top 6 issuers jumped 19 basis points (bps) year-on-year (YOY) to 2.86% for the first quarter (1Q/16), and up 2 bps sequentially. All six issuers posted sharply higher charge-offs in the first quarter. The Chase 1Q/16 charge-offs ratio inched up by 20 bps from 4Q/15 and flat from 1Q/15. Chase reported…
International purchase transactions (PTX) for Visa and MasterCard credit and debit cards grew by 18.9% year-on-year (YOY) in the first quarter (1Q/16). International PTX for credit cards increased 17.6% YOY while international PTX for debit cards rose 20.3% YOY in 1Q/16. In the first quarter gross international payment card PTX for Visa and MasterCard came…
U.K. consumer credit continued to expand at a brisk pace in June, topping 10% year-on-year (YOY). In June total consumer credit grew to £186.0 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 11.0% and 10.3% respectively. The Bank of England (BOE) reports consumer credit increased by £1.8 billion in June, in…
International payment cards-in-force (CIF) for Visa and MasterCard increased 6.7% year-on-year (YOY) in the first quarter (1Q/16). International debit card CIF rose 8.9% YOY, while international credit card CIF increased 3.5% YOY. MasterCard’s international debit card CIF YOY is growing more than seven times Visa’s international debit CIF. International payment card CIF at the end…