Card Loan Growth

Card Loan Growth Downshifts to 5.56% CAGR – Upshifts in Q2

U.S. card loan growth among the Big 6 credit card issuers increased 3.5% in the first-quarter (1Q/19) year-on-year (YOY), compared to a 8.0% YOY for the year ago quarter. Early results for the second-quarter reveal Chase U.S. credit card outstandings grew 8.5% YOY, Citibank is up 2.8% YOY, and Bank of America was flat (+0.7%).…

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…

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…

Citibank Retail Cards Gather More Steam in the First-Quarter

Citibank retail cards for North America posted its strongest first-quarter in more than five years as outstandings and purchase dollar volume rose sharply, coupled with a very high yield and moderate delinquency. Citibank’s retail credit card portfolio includes ExxonMobil, Macy’s, Shell, Staples, Best Buy, Home Depot and many others. Citi’s average yield for its North…

U.S, Credit Card Accounts

First-Quarter Credit Card Accounts + 6% YOY & 3.89% CAGR

First-quarter credit card accounts in the U.S. market posted a strong 6.1% year-on-year (YOY) gain topping 550 million. The growth rate is the highest in more than five years, and comes on the heels of sluggish growth in the prior year. Currently, the U.S. general purpose credit card market is growing at a five-year compound…

First-Quarter Global CIF

First-Quarter Global Cards +7% YOY +9% CAGR Major 4 Networks

First-quarter global cards among the Major 4 U.S. payment networks expanded by 369 million credit and debit cards-in-force (CIF) over the past twelve months. The Major 4 (Visa [V], Mastercard [MA], American Express [AXP], Discover/Diners [DFS]), global payment cards grew 7.0% year-on-year (YOY) in the first-quarter (1Q/19). First-Quarter Global CIF Growth The compound annual growth…

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 Visa Mastercard US CIF

First-Quarter U.S. Visa Mastercard Credit + Debit CIF +5% CAGR

First-quarter U.S. Visa Mastercard credit and debit cards-in-force (CIF) increased 6.7% year-on-year (YOY), compared to a 6.1% YOY gain in payment cards for the prior quarter (4Q/18). Visa and Mastercard U.S. credit cards increased 5.5% YOY while CIF for debit cards rose 7.7% YOY, in 1Q/19. There are were 1377 million Visa and Mastercard payment…