First-Quarter Credit Card PDV for Top 4 Slows 7% YOY & 11% CAGR
First-quarter credit card PDV (purchase dollar volume) for the Top 4 U.S. issuers edged down to 7.5% year-on-year (YOY), compared to 12.5% YOY for the year ago quarter (1Q/18). The four-year CAGR (compound annual growth rate) currently sets at 12.13%, however excluding the shift of American Express cobranded cards to Citibank in 2016, the CAGR…