The average yield among the nations’s big six bank credit card issuers came in at 11.26% for the first quarter (1Q/17), compared to 11.11% in the prior quarter, and 11.31% for 1Q/16.
Capital One (COF), the nation’s fastest growing major credit card issuer, and Discover (DFS), one of best managed portfolio again, posted the highest yields, besting the average by 375 basis points (bps) and 139 bps, respectively, in 1Q/17, according to CardData.
Capital One (COF), continues to lead the Big 6 with a 15.01% 1Q/17 yield while BofA was at the bottom with a 9.35% yield.
For 1Q/17, the American Express yield of 10.00% jumped 40 bps sequentially, and up 50 bps year-on-year (YOY).
For 1Q/17, the Discover yield of 12.65% was up 3 bps sequentially, and up 23 bps YOY.
For 1Q/17, Chase’s yield of 10.15% was up 1 bps sequentially, and down 166 bps YOY. The decline was driven by the new 2016 high rewards credit card offer. For 1Q/17,BofA’s yield of 9.55% was up 20 bps sequentially, and up 23 bps YOY.
For 1Q/17, Capital One’s yield of 15.01% was up 10 bps sequentially, and up 58 bps YOY.
For 1Q/17, Citibank’s yield of 9.60% flat sequentially, and down 78 bp YOY. BIG 6 U.S. CREDIT CARD YIELD