Average credit card U.S. yield, among the nations’s Top 4 bank card issuers, jumped 16 basis points (bps) sequentially at 12.10% and up 82 bps year-on-year (YOY) for the fourth quarter (4Q/18), compared to 11.94% for the prior quarter, and 11.28% for 4Q/17, according to data gathered by CardData Credit card yields average jumped among…
Credit card U.S. charge-offs among the nation’s top 6 issuers rose six basis points (bps) year-on-year (YOY) for the fourth quarter (4Q/18), and up six bps sequentially. The Big 6 (Chase, Capital One, Bank of America, Citibank, American, Express, Discover) reported an aggregate charge-off ratio of 3.31% for 4Q/18, compared to 3.25% for 3Q/18 and…
Credit card purchase dollar vcolume (PDV) among the top four U.S. bank credit card issuers, rose 8.9% year-on-year (YOY) in the fourth quarter (4Q/18). PDV for Chase and Capital One where the only issuers scoring double digit gains in PDV YOY for the final quarter of 2018. The top four U.S. issuers (Chase, Capital One, Bank…
Credit card delinquency (30+ days) for the fourth quarter (4Q/18), among the nation’s Top 4 issuers, increased 13 basis points (bps) sequentially, and edged up year-on-year (YOY) by 16 bps. According to CardData, the average rate among the top four issuers (Chase, Capital One, Bank of America, Citibank) was 2.40% for 4Q/18, compared to 2.27%…
Credit card loans (outstandings) end-of-period (EOP) in the U.S., among the Top 4 U.S. issuers, gained a mere 1.5% in the fourth quarter (4Q/18) year-on-year (YOY), posting $444.1 billion. The YOY growth rate is down 230 basis points (bps), compared to the prior quarter, based on data collected by CardData. The gain was largely driven by…
Credit card portfolios took it majorly on the chin in the Great Recession of 2009 to 2010. The impact, in terms of portfolio characteristic changes and profits, on the credit union/bank card industry was stunning. According to the R.K. Hammer/Card Knowledge Factory, outstanding credit card loans fell by $200 billion, or 19% YOY (year-on-year), as…
Charge-offs among the nation’s top four U.S. issuers edged up two basis points (bps) year-on-year (YOY), but down 25 bps sequentially for the third quarter (3Q/18), according to CardData. For the top four issuers (Chase, Capital One, Bank of America, Citibank), average charge-offs were 3.27% for 3Q/18, compared to 3.55% for 2Q/18 and 3.25% for…
Credit card revenue for 2018, based on the all-important “Risk-Adjusted” Revenue calculation (RAR), defined as top line revenue for credit cards (all interest and fee income) adjusted for net card loan default risk, needs to fall between 13% and 15%. International card industry and payments expert, R.K Hammer, finds some of its clients have a…
Global credit card profits for the top four networks are incredibly strong year-on-year (YOY) in the third quarter (3Q/18). The network peer group net income (after tax) soared 28.7% YOY for 3Q/18, equally driven by Visa and Mastercard, according to RAM Research. Visa, Mastercard, American Express and Discover reported a combined 3Q/18 (after tax) profit…
Credit/Debit card activity in the U.S. for gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 8.3% year-on-year (YOY) in the third quarter (3Q/18), compared to 6.5% one-year ago, according to CardData. U.S. GTX for Visa + Mastercard credit cards jumped 8.7% YOY while U.S. GTX for Visa + Mastercard debit…
European payment cards (credit + debit) for Visa and Mastercard posted weaker year-on-year (YOY) gains for the third quarter (3Q/18). On a non-currency adjusted basis (NFX), gross dollar volume (GDV) rose 5.6% YOY, purchase dollar volume (PDV) increased 8.4% YOY, and cards-in-force (CIF) climbed 6.1% YOY. For 2Q18, GDV NFX was up 16.5% and PDV…
U.S. credit card outstandings end-of-period (EOP) among the Big 6 credit card issuers increased 4.9% in the third quarter (3Q/18) year-on-year (YOY) to $570.1 billion. Over the past two years, Top 6 outstandings have jumped 12.6%. The robust aggregate gain resulted from strong YOY growth from American Express and Discover, according to RAM Research. The…