U.S. Credit Card Issuer Outstandings

Credit Card Issuers Post Weak Growth in Outstandings for Q3

U.S. credit card outstandings end-of-period (EOP) among the Big 6 credit card issuers increased 4.9% in the third quarter (3Q/18) year-on-year (YOY) to $570.1 billion. Over the past two years, Top 6 outstandings have jumped 12.6%. The robust aggregate gain resulted from strong YOY growth from American Express and Discover, according to RAM Research. The…