Top 4 Q1 Credit Card Outstandings Slow a Bit – Not COF
U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained 9.6% in the first quarter (1Q/17) year-on-year (YOY) to $396.7 billion. The YOY growth rate is down 130 basis points (bps), compared to the prior quarter, according to CardData. The gain was largely driven by Citibank, as its acquisition of the Costco card…