First-Quarter 90+ Card Delinquency

First-Quarter 90+ Card Delinquency Hits 1.29% – 5 Yr High

First-quarter 90+ card delinquency remains at 1.29%, a five-year high among the Top 4 U.S. credit card issuers. The average late stage card delinquency ratio was flat sequentially, and up seven basis points (bps) year-on-year (YOY) for the first-quarter (1Q/19). Meanwhile, early stage credit card delinquency (30+ days) for 1Q/19, among the nation’s Top 4…

Big 6 Credit Card Charge-Offs

First-Quarter Charge-Offs Rise Sharply – Issuers Beef-Up Reserves

First-quarter charge-offs among the Big 6 domestic credit card issuers rose sharply as loan loss reserves are beefed-up across-the-board. Credit card charge-offs among the nation’s Big 6 credit card issuers rose 14 basis points (bps) year-on-year (YOY) for the first-quarter (1Q/19), and up 34 bps sequentially.  The Big 6 (Chase [JPM], Capital One [COF], Bank…

First-Quarter Card Loans

First-Quarter Card Loans YOY Growth Lowest in 5 Years & 5.51% CAGR

First-quarter card loans, among the Top 4 U.S. issuers, grew 3.4% year-on-year (YOY), compared to 1.5% in the prior quarter. Among the nation’s Top 4 credit card issuers (Chase [JPM], Capital One [COF], Bank of America [BAC], and Citibank [C]), the annual growth rate for U.S. end-of-period (EOP) credit card outstandings in the first-quarter (1Q/19)…

First-Quarter Card Delinquency

First-Quarter Card Delinquency Among Top 4 Issuers on Upward Trajectory

First-Quarter card delinquency among the nation’s top issuers dipped slightly from the prior quarter, due to the seasonality and increased repayments of post-holiday portfolio outstandings. However, over the past five years, the first-quarter delinquency ratio has been on an upward trend, rising 40 basis points (40 bps) from the first-quarter of 2015. Second-Quarter Card Delinquency…

First-Quarter Capital One Card

First-Quarter Capital One Card U.S. Outstandings & Revenue Growth Grinds Lower

First-quarter Capital One card results reveals the once “fastest growing U.S. credit card issuer” for many years has been in a major downshift for the past five years. The mediocre first-quarter (1Q/19) produced a year-on-year (YOY) growth rate in Capital One (COF) end-of-period (EOP) U.S. credit card outstandings of 2.6%, compared to 5.9% YOY for…

Credit Card Rates and Sreads

First-Quarter Rates Set New Records

First-quarter rates for U.S.-issued major credit cards (Visa, MasterCard, American Express, Discover) increased by 146 basis points (bps) between the first quarter 2018 (1Q/18) and 1Q/19, as the U.S. prime rate increased by 75 bps. The average credit card rate charged by the nation’s Top 100 banks hit 15.09% in 1Q/19, compared to 13.63% for…

First Quarter Credit Card Profits

First Quarter Profits Top 4 Credit Card Networks & Issuers

First quarter profits for the first quarter (1Q/19) for the four largest networks and the credit card businesses of four largest issuers will likely be all over the map starting tomorrow as Chase releases its first quarter numbers before the opening bell. The first quarter is historically a slow consumer spending period and a time…

Active Credit Card Accounts

Big 6 U.S. Credit Card Sales Accounts Slow Nearly 50% in Q4

U.S. issuer credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, increased 3.1%% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 5.6% YOY in 2017. There were 161.4 million active bank credit card accounts for 4Q/18 in the U.S. among the top six issuers: Citibank [C]; Capital One…

credit card issued

American Express Leads Progression of U.S. Credit Cards Issued in 2018

U.S. credit cards issued among the Big 6 issuers grew 3.6% year-on-year (YOY) at the end of the fourth quarter (4Q/18), up 11.9 million cards-in-force (CIF) YOY to 345.7 million cards, compared to 343.4 million in 3Q/18 and 333.8 million for 4Q/17, according to CardData. The Big 6: (Chase [JPM], Capital One [COF], Bank of…

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…