U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the Top 4 U.S. issuers, edged up 14.0% year-on-year (YOY) in the first quarter (1Q/17), according to CardData.
Citibank drove the YOY growth via its acquisition of the American Express Costco cobrand portfolio last year.
There were 120.7 million active bank credit card accounts in the U.S. among the Top 4 issuers (Chase; Capital One; BofA; and Citi), compared to 116.6 million in 4Q/16 and 120.7 million for 1Q/16.
Chase was up 11.0% YOY with an estimated 37.4 million AAC in 1Q/17, compared to a reported 36.6 million in the prior quarter and a reported 33.7 million for 1Q/16.
Capital One was up 7.9% YOY with an estimated 39.4 million AAC in 1Q/17, compared to an estimated 38.5 million in the prior quarter and 36.5 million for 1Q/16.
Bank of America was up 6.1% YOY with an estimated 22.5 million AAC in 1Q/17, compared to an estimated 22.0 million in the prior quarter and an estimated 21.2 million for 1Q/16.
Citibank soared 47.9% YOY with an estimated 21.4 million AAC in 1Q/17, compared to an estimated 19.5 million in the prior quarter and an estimated 14.5 million for 1Q/16.
U.S. TOP 4 AAC
1Q/15: 101.6 million
2Q/15: 101.9 millon
3Q/15: 102.5 million
4Q/15: 104.5 million
1Q/16: 105.9 million
2Q/16: 108.1 million
3Q/16: 113.2 million
4Q/16: 116.6 million
1Q/17: 120.7 million
