U.S. Credit Card Share

U.S. Credit Card Share for Big 6 Adds 80 bps CAGR Slips to 5.56%

U.S. credit card share for the Big 6 peer group increased to 54.2% in the first-quarter, compared to 53.4% for the first-quarter 2018. American Express year-on-year (YOY) growth in U.S. credit card outstandings for the first-quarter (1Q/19) lead the peer group. On a Compound Annual Growth Rate (CAGR) basis, Capital One outpaced the other five…

First-Quarter Credit CIF

First-Quarter Credit CIF Rises 4% YOY & 5.27% CAGR for Top 4

First-quarter credit CIF (cards-in-force) among the Top 4 U.S. credit card issuers picked up some momentum adding 9.7 million cardholders over the past year. Based on current growth trends and economic patterns, the number of credit and charge cards, issued by the major issuers, will likely top 300 million in early 2023. The Top 4…

U.S. Credit Card Accounts

First-Quarter Credit Card Accounts Rise 3% YOY 5.35% CAGR

First-quarter card accounts in the U.S. for the Top 4 issuers grew by 6.3 million from one-year ago. Over the past five years gross (open) accounts for U.S. credit cards among the nation’s four largest issuers expanded by 37.9 million. In the first-quarter (1Q/19) the year-on-year (YOY) gain in gross accounts was 3.3%, compared to…

U.S. Credit Card GDV

U.S. Credit Card GDV for Top 4 Down 380 bps YOY CAGR Slips 30 bps

U.S. credit card GDV (Gross Dollar Volume) rose 7.3% YOY (year-on-year) in the first-quarter (1Q/19) among the nation’s four largest issuers. This compares to a growth rate of 11.1% YOY for 1Q/18. The CAGR (compound annual growth rate) for GDV, which includes purchases and cash advances), also declined from 12.51% to 12.21% during the same…

Capital One International Card

Capital One International Card Q1 PDV +2.7% YOY +8.6% CAGR

Capital One international card gross revenue was flat in the first-quarter (1Q/19) while after-tax net income sunk 44% year-on-year (YOY). International credit card purchase dollar volume (PDV) was up nearly 3% as 1Q/19 end-of-period (EOP) outstandings slipped by 3% YOY. Capital One [COF] issues credit cards in Canada and the United Kingdom, internationally. COF international…

First-Quarter Card Profits

First-Quarter Card Profits Big 6 Tad Up YOY Re-Pricing Lag Fades

First-quarter card profits among the nation’s Big 6 U.S. issuers edged up 160 basis points (bps) year-on-year (YOY), compared to a tax cut fueled surge of more than 50% one-year ago. Sequentially, credit card profits were flat. Since 2015, the compound annual growth rate (CAGR) is running about 2.77%. Profits (after tax) among the nation’s…

Active Card Accounts

Active Card Accounts Hits Q1 Trump Bump Up Minuscule 50 bps

Active card accounts from the nation’s Top 4 bank credit card issuers posted a teeny year-on-year (YOY) gain in the first-quarter (1Q/19). While U.S. bank active credit card accounts or open accounts with posted sales activity are typically, seasonally and historical down in the first-quarter, this year the payments industry was buffeted by the impact…

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…

First-Quarter Credit Card PDV

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…

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…