Australia Credit Card Debt Growth Remains Conservative

Australia Credit Card Debt Growth Remains Conservative

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.6% year-on-year (YOY) in January. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 3.4% YOY. The average balance per account in January declined 1.7% to AU$3115, compared to AU$3194 for December, and AU$3170 for January 2015. Credit…

U.S. Network Credit/Charge Cards-in-Force Up 7% YOY

U.S. Network Credit/Charge Cards-in-Force Up 7% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. credit/charge cards-in-force (CIF) in the fourth quarter (4Q/15) for Visa, MasterCard, American Express and Discover was up 7.0% year-on-year (YOY). At the end of 4Q/15, there were 647 million U.S. credit/charge CIF compared to 612 million for 4Q/14. Visa U.S. credit CIF for 4Q/15 jumped 7.9% YOY to an…

U.S. GDV for Big 6 Up 6.4% YOY Thanks to Capital One

U.S. GDV for Big 6 Up 6.4% YOY Thanks to Capital One

[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 6.4% year-on-year (YOY) and 4.8% sequentially in the fourth quarter (4Q/15).  Capital One grew more than twice than the other five. Capital One, like most bank card issuers, only reports purchase dollar volume (PDV). The…

90+ Day Delinquency Among Big 6 Slowly Creeps Upward

90+ Day Delinquency Among Big 6 Slowly Creeps Upward

[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 six largest issuers increased 7 basis points (bps) sequentially, to 0.92% for the fourth quarter (4Q/15), compared to 0.85% in the prior quarter and 0.91% one-year ago. However, all the issuers, except Chase and Capital One, were down…

AU Consumer Credit Card PDV Rises 1.9% YOY in January

AU Consumer Credit Card PDV Rises 1.9% YOY in January

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) rose by 1.8% year-on-year (YOY) in January. Purchase dollar volume (PDV) increased 1.9% YOY and cash dollar volume (CDV) declined 1.2% YOY in January. 
GDV rose in January to AU$22.6 billion, compared to AU$28.4 billion in the prior month and AU$22.2 billion one-year ago.…

UK Credit Card Lending Maintains 6%+ YOY Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit in February grew at a 9.3% annual rate to £180.7 billion. Within consumer credit, credit card lending increased by 6.7% year-on-year (YOY) to £63.8 billion and other loans/ advances increased by 10.9% YOY to £116.9 billion. All figures are seasonally adjusted. Credit card lending increased by £0.2 billion…

January consumer revolving credit card debt increased at an annual rate of -1.3%, compared to +7.0% in December and +8.4% in November. Overall consumer credit increased at a seasonally adjusted annual rate of +3.6%. Non-revolving credit increased at an annual rate of +5.4%. Total revolving credit for January posted at $935.3 billion, compared to a revised $936.4 billion in December, and a revised $930.9 billion in November, according to the Federal Reserve. Total consumer credit, at the end of January, stood at $3543.6 billion. U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers decreased 0.3% in the fourth quarter year-on-year (YOY) to $485.5 billion. U.S. CONSUMER REVOLVING CREDIT 4Q/14: $890.0 billion 1Q/15: $890.8 billion 2Q/15: $910.2 billion 3Q/15: $923.4 billion 4Q/15: $936.4 billion Source: Federal Reserve BIG 6 U.S ISSUERS OUTSTANDINGS 4Q/14: $486.8 billion 1Q/15: $461.6 billion
 2Q/15: $474.5 billion
 3Q/15: $479.4 billion
 4Q/15: $485.5 billion AMERICAN EXPRESS U.S. CREDIT OUTSTANDINGS 
4Q/14: $62.6 billion 1Q/15: $59.9 billion 2Q/15: $61.7 billion 3Q/15: $62.1 billion
 4Q/15: $51.4 billion DISCOVER U.S. CREDIT OUTSTANDINGS 
4Q/14: $56.1 billion 1Q/15: $53.5 billion 2Q/15: $54.9 billion
 3Q/15: $55.7 billion
 4Q/15: $57.9 billion CHASE U.S. CREDIT OUTSTANDINGS 
4Q/14: $131.0 billion 1Q/15: $123.3 billion 2Q/15: $126.0 billion 3Q/15: $127.0 billion 
4Q/15: $131.5 billion BANK OF AMERICA U.S. CREDIT OUTSTANDINGS 
4Q/14: $91.9 billion 1Q/15: $87.3 billion 2Q/15: $88.4 billion 
3Q/15: $88.3 billion 
4Q/15: $89.6 billion CAPITAL ONE U.S. CREDIT OUTSTANDINGS 4Q/14: $77.7 billion 1Q/15: $74.1 billion 
2Q/15: $79.0 billion
 3Q/15: $82.2 billion 
4Q/15: $87.9 billion CITIBANK U.S. CREDIT OUTSTANDINGS 4Q/14: $67.5 billion 1Q/15: $63.5 billion 2Q/15: $64.5 billion
 3Q/15: $64.8 billion
 4Q/15: $67.2 billion Source: Federal Reserve; American Express; Discover; Chase; Bank of America; Capital One; Discover For a complete archive of more than 60,000 articles published since 1995 search the CardFlash.com library.

Consumer Credit Hits the Brakes In Jan After a Solid 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] January consumer revolving credit card debt increased at an annual rate of -1.3%, compared to +7.0% in December and +8.4% in November. Overall consumer credit increased at a seasonally adjusted annual rate of +3.6%. Non-revolving credit increased at an annual rate of +5.4%. Total revolving credit for January posted at $935.3…

Credit Card Delinquency Edges Up Across the Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The 30+ day delinquency rate (not seasonally adjusted) for the top 100 U.S. banks increased 2 basis points (bps) sequentially, and up 1 bps from one-year ago for the fourth quarter (4Q/15). Among the nation’s top four card issuers, delinquency edged up by 5 bps from the prior quarter, but dropped…

AmEx Japa Region Continues Strongest GDV Growth

AmEx Japa Region Continues Strongest GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express (AXP) international gross dollar volume (GDV) for the fourth quarter (4Q/15) rose 8.0% year-on-year (YOY) on a currency adjusted basis (FX). The gain was primarily driven by the Japan, Asia Pacific & Australia (JAPA) region which soared 15.0% YOY. 

The YOY GDV FX growth rate for the three AXP…

All Top 4 Issuers Post Higher Late Stage Delinquencies

All Top 4 Issuers Post Higher Late Stage Delinquencies

[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 increased 9 basis points (bps) sequentially, to 1.07% for the fourth quarter (4Q/15), compared to 0.98% in the prior quarter and 1.05% one-year ago. All the issuers were up sequentially in 4Q/15. The Chase 90+…

New AmEx/Schwab Credit and Charge Card Have Arrived

New AmEx/Schwab Credit and Charge Card Have Arrived

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After inking a multi-year, exclusive co-brand deal last year, American Express and Charles Schwab have unveiled a new credit card and a new charge card. The American Express Platinum Card® for Schwab gives clients excellent rewards, benefits, and services with the added ability to redeem Membership Rewards® points for deposits by…