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…
The earnings report season for the payments industry will open before the stock market opens on Friday, April 12. Wells Fargo 8:00 a.m. (ET) will be out of the gate first, followed by Chase at 8:30 a.m. (ET). The first three months of 2019 have been nothing short of a rocky road, starting with the…
Credit card accounts in the U.S. for the Big 6 issuers grew by 10 million in 2018. Over the past five years gross open accounts (GAC) for U.S. credit cards among the nation’s six largest issuers expanded by 40 million. In the fourth quarter (4Q/18) the year-on-year (YOY) gain in GAC was 3.7%. At the…
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…
Visa and Mastercard international card accounts gathered more steam in 2018 as the annual growth rate expanded by 50 basis points (bps). Visa and Mastercard gross (open) payment card accounts (GAC) for the fourth quarter (4Q/18) grew 7.9% year-on-year (YOY), compated to 7.4% YOY in 2017. International credit GAC was up 6.1% YOY and international…
U.S. bank active credit card accounts (AAC) (open accounts with posted sales activity), among the Top 4 U.S. issuers, edged up 1.9% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 4.7% YOY one-year ago. The strong economy, with low unemployment and steady debt service ratios have slowed credit card usage, across-the-board. However, credit card…
International credit card cash dollar volume (CDV) for Visa and Mastercard decreased, on a currency adjusted basis (FX), to 5.3% in the fourth quarter (4Q/18) compared 6.9% one-year ago. On a nominal basis (not currency adjusted), Visa and Mastercard international payment card (credit + debit) declined 1.9% YOY in the fourth quarter, while credit card…
Credit card accounts in the U.S. for the Top 4 issuers grew by 5.0 million in 2018. Over the past five years gross open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers expanded by 34.2 million. In the fourth quarter (4Q/18) the year-on-year (YOY) gain in GAC was 2.6%. At the…
International card GDV for Visa and Mastercard credit cards for the fourth quarter (4Q/18) rose 9.5% year-on-year (YOY), on a currency adjusted basis (FX). International debit card gross dollar volume (GDV) jumped 12.1% YOY FX for both networks combined for 4Q/18. On a nominal basis (not currency adjusted) international credit and debit cards for Visa…
U.S. Visa Mastercard credit and debit card accounts grew 10.9% year-on-year (YOY) for the fourth quarter (4Q/18). U.S. gross (open) accounts (GAC) for credit cards grew 7.6% YOY in 4Q/18. U.S. debit card GAC was up 13.2% YOY for the fourth quarter, according to figures gathered by CardData. Visa and MasterCard passed the one billion…
U.S. credit card profits among the nation’s Big 6 issuers soared beyond the stratosphere in fourth quarter (4Q/18) and all of 2018, rising from about $3 billion per quarter in 2017 and 2016 to $4.5 billion. Profits (after tax) among the nation’s Big 6 U.S. credit card issuers (Chase [JPM]; Capital One [COF]; Bank of…
U.S. credit card cash volume for Visa and MasterCard (credit + debit) in the fourth quarter (4Q/18) grew at an annual rate (YOY) of 3.6%. The growth was driven by Visa credit cards. Visa U.S. payment card (credit + debit) cash dollar volume (CDV) for 4Q/18 was up 3.1%. MasterCard U.S. payment card (credit +…