Credit Cards-in-Force

Credit Cards-in-Force Continue to Saturate U.S. Market Up 3% for Top 4 Q4

U.S. credit cards-in-force (CIF) among the Top 4 U.S. issuers slowed up in 2018, growing 2.7% year-on-year (YOY), compared to 4.8% in the prior year. For the fourth quarter (4Q/18) and among the Top 4 U.S issuers there were an estimated 228.2 million credit U.S. CIF, compared to 226.3 million in 3Q/18, and 222.3 million…

International Credit Cards

International Card Accounts for Visa and Mastercard Q4 Grew 8% YOY

Visa and Mastercard international card accounts gathered more steam in 2018 as the annual growth rate expanded by 50 basis points (bps). Visa and Mastercard gross (open) payment card accounts (GAC) for the fourth quarter (4Q/18) grew 7.9% year-on-year (YOY), compated to 7.4% YOY in 2017. International credit GAC was up 6.1% YOY and international…

Active Credit Card Accounts Top 4 U.S.

Active Credit Card Accounts Q4 Growth Hampered by Strong Economy

U.S. bank active credit card accounts (AAC) (open accounts with posted sales activity), among the Top 4 U.S. issuers, edged up 1.9% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 4.7% YOY one-year ago. The strong economy, with low unemployment and steady debt service ratios have slowed credit card usage, across-the-board. However, credit card…

International Credit Card Cash Volume

International Credit Card Cash Volume for Visa and Mastercard Slips 160 bps FX YOY

International credit card cash dollar volume (CDV) for Visa and Mastercard decreased, on a currency adjusted basis (FX), to 5.3% in the fourth quarter (4Q/18) compared 6.9% one-year ago. On a nominal basis (not currency adjusted), Visa and Mastercard international payment card (credit + debit) declined 1.9% YOY in the fourth quarter, while credit card…

Internal Via Mastercard GDV

International Card GDV for Q4 Visa and Mastercards Credit +10% & Debit +12% YOY

International card GDV for Visa and Mastercard credit cards for the fourth quarter (4Q/18) rose 9.5% year-on-year (YOY), on a currency adjusted basis (FX). International debit card gross dollar volume (GDV) jumped 12.1% YOY FX for both networks combined for 4Q/18. On a nominal basis (not currency adjusted) international credit and debit cards for Visa…

U.S. Visa Mastercard Accounts

Visa Mastercard Accounts U.S. Double-Digit Q4 YOY Growth Sparked by Debit Cards

U.S. Visa Mastercard credit and debit card accounts grew 10.9% year-on-year (YOY) for the fourth quarter (4Q/18). U.S. gross (open) accounts (GAC) for credit cards grew 7.6% YOY in 4Q/18. U.S. debit card GAC was up 13.2% YOY for the fourth quarter, according to figures gathered by CardData. Visa and MasterCard passed the one billion…

Credit Card Profits Soar

Mesospheric Credit Card Profits for Big 6 Issuers Propelled by GOP Corp Tax Cut

U.S. credit card profits among the nation’s Big 6 issuers soared beyond the stratosphere in fourth quarter (4Q/18) and all of 2018, rising from about $3 billion per quarter in 2017 and 2016 to $4.5 billion. Profits (after tax) among the nation’s Big 6 U.S. credit card issuers (Chase [JPM]; Capital One [COF]; Bank of…

Credit Card Marketshare

Credit Unions & Smaller Banks Nibble Away at Big 6 U.S. Credit Card Q4 Marketshare

As a peer group, the Big 6 U.S. issuers (Chase [JPM], Capital One [COF], Bank of America [BAC], Citibank [C], Discover [DFS], American Express [AXP]), control 52.6% of the U.S. credit card market based on 4Q/18 outstandings, compared to a 54.8% credit card marketshare for the third quarter, and 56.0% for 4Q/17. The Big 6…

Credit Card Q4 Yield

Credit Card Q4 Yield for the Big 6 U.S. Issuers Hit a 5+ Year High

Average credit card Q4 yield, among the nations’s Big 6 bank card issuers, edged up by 10 basis points (bps) sequentially at 12.06% and up 66 bps year-on-year (YOY) for the fourth quarter (4Q/18), compared to 11.96% for the prior quarter, and 11.40% for 4Q/17, according to data gathered by CardData. The U.S. Big 6…

Small Business Dizziness

Small Business Dizziness Escalates in an Abnormal U.S. 2019-2020 Economy

More evidence emerges as to how badly the “Trump Shutdown” affected American consumers and small business. The continuing concerns over trade tariffs, potential interest rate hikes, taxes, deregulation, unstable corporate earnings, and ever changing geopolitical winds are especially frustrating for small business planning. Whether to hire additional employees, make capital investments, raise prices, or boost…