Big 6 Credit Card GDV

Credit Card Gross Dollar Volume Tracks with the U.S. Economy Entering Double-Digit Growth YOY

Credit card gross dollar volume (GDV) among the big U.S. six U.S. bank card issuers, rose an estimated 10.7% year-on-year (YOY) in the second quarter (2Q/18). Capital One led the peer group with a high double-digit growth YOY in 2Q/18, followed by Chase and American Express, respectively. Chase, Bank of America (BofA), Capital One and Citibank…

Credit & Debit Cards Globally

Circulation of Payment Cards Worldwide Rises 6% YOY in Q2 & to Top 5.5 billion EOY

Payment cards worldwide or cards-in force (CIF) [credit + debit] grew by 6.4% year-on-year (YOY) in the second quarter (2Q/18) to 5412 million, compared to 5323 million for 1Q/18 and 5088 million, one-year ago. All the four major U.S. based payments networks posted gains in 2Q/18, according to CardData. Visa and MasterCard Rule the Planet…

Late Stage Q2 Credit Card Delinquency Hovers at 1.00% for Big 6 U.S. Issuers

The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers edged up 2 basis points (bps) sequentially, to 1.00% for the second quarter (2Q/18), and down 8 bps from one-year ago (YOY). The 90+ day delinquency crossed the 1.00% milestone in 4Q/16, the first since 2009. The Chase 90+…

Global PDV for Major 4 U.S. Card Networks Up 12% in Q2 FX YOY

Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 13.7% year-on-year (YOY) on a nominal dollars basis for the second quarter (2Q/18). However, on a currency adjusted basis (FX), global 2Q/18 PDV increased 12.1% YOY.  The major four U.S.-based global networks posted $3511 billion in global PDV…

Big 6 U.S. Issuer Portfolio Q2 Yields Solidly 11%+ w/COF & DFS Leading the Path

The average yield among the nations’s big six bank credit card issuers came in at 11.42% for the second quarter (2Q/18), compared to 11.66% in the prior quarter, and 11.37% for 2Q/17. Capital One (COF), the nation’s fastest growing major credit card issuer, and Discover (DFS), one of best managed portfolio again, posted the highest…

Global Q2 Profits for Top 4 U.S. Networks Top 20% YOY – Fueled by Mastercard +33% YOY

Profits for the top four networks were all over the map year-on-year (YOY) in the second quarter (2Q/18). The network peer group net income (after tax) soared 20.8% YOY for 2Q/18, largely driven by Mastercard. Visa, Mastercard, American Express and Discover reported a combined 2Q/18 (after tax) profit of $6190 million, compared to $6397 million…

Major 4 Payment Networks Q2 U.S. PDV (Credit + Debit) in Robust Double Digits YOY

Purchase dollar volume (PDV) for the Major 4 networks (Visa, Mastercard, American Express and Discover) cards (credit + debit) in the U.S. climbed 10.3% year-on-year (YOY) in 2Q/18 topping $1536 billion.  Visa barely led the way in the second quarter posting a 10.5% YOY gain for U.S. PDV. The Major 4 collectively posted $1536.6 billion…

Big 6 U.S. Card Issuer Q2 Outstandings +6% YOY +13.5% Since Q2/16 – Driven by AXP & DFS

U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers increased 6.3% in the second quarter (2Q/18) year-on-year (YOY) to $563.0 billion. Over the past two years, Top 6 outstandings have jumped 13.5%. The robust aggregate gain resulted from strong YOY growth from Capital One, American Express and Discover. The Big 6: American Express,…

Major U.S-Based Card Network Global Q2 GDV Rises 10% YOY – Propelled by MasterCard

Gross dollar volume (GDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally increased 10.9% year-on-year (YOY) on a nominal dollars basis, for the second quarter (2Q/18). However, on a currency adjusted basis (FX) global GDV for 2Q/18 increased an estimated 10.3% YOY.  The major four networks posted $4648 billion in global…

Big 6 Credit Card GDV

U.S. Credit Card Q2 PDV Tops Double-Digits YOY

U.S. Purchase Dollar Volume (PDV), for credit cards, among the Big 6 U.S. card issuers, rose 10.6% year-on-year (YOY) for the second quarter (2Q/18). Capital One scorched the Big 6 with a 17.3%+ YOY gain. 
The Big 6 U.S. issuers racked up $640.7 billon in PDV for 2Q/18, compared to $584.1 billion in 1Q/18 and…

Big 6 Issuers Q2 U.S. Charge-Offs +18 bps YOY – Trending Upward Since Q1/17

Charge-offs among the nation’s top 6 issuers rose 18 basis points (bps) year-on-year (YOY) to 3.47% for the second quarter (2Q/18), but down 4 bps sequentially.  The Big 6 (Chase, Bank of America, Capital One, Citibank, American, Express, Discover) reported an aggregate charge-off ratio of 3.47% for 2Q/18, compared to 3.51% for 1Q/18 and 3.29%…