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…