The Big 6 issuers, based on U.S. total outstandings of $1000.9 billion, control 50.8% of the U.S. bank credit card business at the end of the first quarter (1Q/17), up 170 basis points (bps) from one-year ago. There has been clear shift among the peer group with Citibank snatching significant marketshare from the others, according to…
Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 21.2% year-on-year (YOY) on a nominal dollars basis for the first quarter (1Q/17). However, on a currency adjusted basis (FX), global 1Q/17 PDV increased 20.4% YOY, according to CardData. The first quarter PDV figures are skewed as Visa…
U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, increased 7.0% year-on-year (YOY) in the first quarter (1Q/17), according to CardData. There were 169.2 million active bank credit card accounts for 1Q/17 in the U.S. among the top six issuers: Citibank; Capital One; Chase, Bank of America,…
The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to…
Gross or open accounts (GAC) for U.S. credit cards among the Big 6 U.S issuers rose 6.6% year-on-year (YOY) in the first quarter (1Q/17) to 291.4 million, compared to 286.1 million in the prior quarter, and 273.5 million one-year ago, according to CardData. The growth is driven by Citibank and its acquisition of the American…
International gross transactions (GTX) for Visa and Mastercard credit and debit cards grew an adjusted 11.8% year-on-year (YOY) in the first quarter (1Q/17). International unadjusted GTX for credit cards increased 22.5% YOY while international unadjusted GTX for debit cards soared an unadjusted 62.4% YOY in 1Q/17, according to CardData. The data are skewed by the…
U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers jumped 12.4% year-on-year (YOY) at the end of the first quarter (1Q/17) to an estimated 265.3 million cards, compared to 258.7 million in 4Q/16, and 236.1 million for 1Q/16, according to CardData. Citibank blew the other three top issuers away in the first quarter, growing four…
International cash transactions (CTX) for Visa and Mastercard credit and debit cards grew by 18.8% year-on-year (YOY) in the first quarter (1Q/17), adjusted there was no YOY growth. International CTX for credit cards increased 21.3% YOY while international CTX for debit cards rose 18.6% YOY in 1Q/17, according to CardData. All the YOY figures are…
U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the Top 4 U.S. issuers, edged up 14.0% year-on-year (YOY) in the first quarter (1Q/17), according to CardData. Citibank drove the YOY growth via its acquisition of the American Express Costco cobrand portfolio last year. There were 120.7 million active bank credit card…
Visa and Mastercard international credit card cash dollar volume (CDV) for the first quarter (1Q/17) soared 30.3% year-on-year (YOY). Meanwhile, international debit card CDV grew 40.0% YOY in 1Q/17, according to CardData. The huge jump is attributed to the inclusion of Visa Europe in 3Q/16. Visa and Mastercard posted $922 billion in international CDV for…
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers jumped 12.5% year-on-year (YOY) in the first quarter (1Q/17) to 213.8 million, compared to 190.0 million one-year ago, according to CardData. The GAC growth is driven by Citibank and its acquisition of the American Express Costco portfolio in early 2016.…
U.S. Purchase Dollar Volume (PDV) among the top four U.S. bank credit card issuers, rose 18.9% year-on-year (YOY) in the first quarter (1Q/17), compared to YOY growth rate of 10.0% in 1Q/16. Citi drove the YOY growth with the 2016 acquisition of the AmEx/Costco portfolio, according to CardData. The top four U.S. issuers racked up $334.5…