First-Quarter Credit Card Yields

First-Quarter Credit Card Yield Surges to Record 12.22%

First-quarter credit card yield set records for all the largest U.S issuers with Citibank’s yield skyrocketing 145 bps (basis points) over the past twelve months. Average credit card yield, among the nations’s Big 6 bank card issuers, rose by 16 bps sequentially to 12.22% and up 56 bps year-on-year (YOY) for the first-quarter (1Q/19), compared…