[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, inched up 0.8% year-on-year (YOY) in the first quarter (1Q/16). There were 158.4 million active bank credit card accounts for 1Q/16 in the U.S. among the top six issuers: Citibank; Capital One; Chase, Bank…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card marketshare, based on purchase dollar volume (PDV) among the top 4 U.S. bank credit card issuers, shows Citi was the only issuer with a positive gain in the first quarter (1Q/16), compared to the prior quarter. While Chase continues to hold a commanding 24.5% marketshare for 1Q/16, there…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international credit card gross dollar volume (GDV) for the first quarter (1Q/16) rose 10.8%, on a currency adjusted basis (FX), year-on-year (YOY). For international debit cards, Visa and MasterCard GDV increased 12.6% YOY FX. Visa outpaced MasterCard in international credit cards 1Q/16 YOY FX growth, while MasterCard took…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 5.9% year-on-year (YOY) but down 8.1% sequentially in the first quarter (1Q/16). Capital One grew more than twice than the other five. Capital One, like most bank credit card issuers, only reports purchase dollar volume…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] May U.S. consumer revolving credit card debt remains weak growing at an annual rate of +3.0%, compared to a revised +1.7%% in April and a revised +13.2% in March. Overall consumer credit increased at a seasonally adjusted annual rate of +6.2% in May. Non-revolving credit increased at an annual rate of…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers edged down 1 basis points (bps) sequentially, but up 5 bps year-on-year (YOY) for the first quarter (1Q/16). Early stage delinquency, the precursor of 90+ day delinquency, among the peer group, also declined in 1Q/16. For…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 6.5% year-on-year (YOY) in the first quarter (1Q/16). U.S. credit cards increased 7.4% YOY while CIF for debit cards rose 5.7% YOY, in 1Q/16. There are were 1218 million Visa and MasterCard payment cards in circulation in the…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 11.9% year-on-year (YOY) in the first quarter (1Q/16). U.S. GTX for credit cards jumped 12.9% YOY while U.S. GTX for debit cards increased 11.5% YOY in 1Q/16. Visa’s U.S. GTX for credit cards rose 12.2% YOY as…
A new survey finds the majority of Millennials are opening credit cards and building positive credit histories early. Millennials are taking the step of opening credit cards just as generations before. Sixty-two percent of those surveyed said they had at least one open credit card. Among the minority who do not have a credit card,…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 7.5% year-on-year (YOY) for the first quarter (1Q/16). Capital One completely blew out the Big 6 pack by a nearly 2-to-1 margin. The Big 6 U.S. issuers racked up $479.8 billon in PDV for…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers rose 5 basis points (bps) year-on-year (YOY) to 3.08%, and up 21 bps sequentially for the first quarter (1Q/16). All four issuers reported sharply higher credit card losses sequentially. Soaring Capital One losses drove the sequential gain for the peer group. The Chase…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the Big 6 U.S issuers edged up 0.6% year-on-year (YOY) in the first quarter (1Q/16) to 273.4 million, compared to 270.7 million in the prior quarter, and 271.9 million one-year ago. The growth is driven by Capital One and American Express…
