As a peer group, the Big 6 U.S. issuers (Chase [JPM], Capital One [COF], Bank of America [BAC], Citibank [C], Discover [DFS], American Express [AXP]), control 52.6% of the U.S. credit card market based on 4Q/18 outstandings, compared to a 54.8% credit card marketshare for the third quarter, and 56.0% for 4Q/17. The Big 6…
Average credit card Q4 yield, among the nations’s Big 6 bank card issuers, edged up by 10 basis points (bps) sequentially at 12.06% and up 66 bps year-on-year (YOY) for the fourth quarter (4Q/18), compared to 11.96% for the prior quarter, and 11.40% for 4Q/17, according to data gathered by CardData. The U.S. Big 6…
The average late stage credit card delinquency (90+ day) among the nation’s six largest issuers edged up eight basis points (bps) sequentially, to 1.13% for the fourth quarter (4Q/18), and up three bps from one-year ago (YOY). The average U.S. 90+ day delinquency rate among the Big 6 issuers (Chase [JPM], Capital One [COF], Bank…
Early stage delinquency (30+ days) among the nation’s Big 6 issuers inched up by nine basis points (bps) sequentially in the fourth quarter (4Q/18) to 2.08%, and up by seven bps year-on-year (YOY). According to CardData, the average U.S. 30+ day delinquency rate among the Big issuers (Chase [JPM], Capital One [COF], Bank of America…
U.S. credit card outstandings end-of-period (EOP) among the Big 6 credit card issuers increased 2.7% in the fourth quarter (4Q/18) year-on-year (YOY), compared to a 6.8% YOY for the year ago quarter. Over the past two years, Big 6 outstandings have jumped 9.7%. The Big 6: Chase (JPM), Capital One (COF), Bank of America (BAC),…
Credit card dollar volume among the Big U.S. six U.S. bank card issuers, rose an estimated 8.7% year-on-year (YOY) in the fourth quarter (4Q/18), compared to a 9.4% YOY gain for 4Q/17. Capital One led the peer group with a high double-digit growth YOY in 4Q/18 for gross dollar volume (GDV), followed by Chase, also in…
Capital One volume for the final quarter of 2018 (4Q/18) posted a solid 10.8% year-on-year (YOY) gain in gross dollar volume (GDV), which includes purchases and cash advances. The nation’s second largest issuer topped the $100 billion quarterly GDV mark for the first time, according to figures compiled by CardData. Capital One is also the…
U.S. credit card PDV (Purchase Dollar Volume), for credit cards, among the Big 6 U.S. credit card issuers, rose 7.7% year-on-year (YOY) for the fourth quarter (4Q/18), compared to growth rate of 10.9% for 3Q/18, and 10.6% for 2Q/18, according to figures collected by CardData. Capital One and Chase are duking it out among the…
While, credit card write-offs, or charge-offs, have been hanging around the 3.50% level over the past four years, the steady rise in credit card delinquency is changing the outllook for the next two years. Both early-stage (30-89 days) and late-stage (90-180 days) delinquency are setting four year highs. The Top 4 (Chase, Capital One, Bank…
The average 90 day credit card delinquency ratio, among the nation’s Top 4 issuers, jumped 10 basis points (bps) sequentially, and up three bps year-on-year (YOY) for the fourth quarter (4Q/18). Late stage (90+ day) delinquency, the precursor of charge-offs, also rose by six bps among the peer group in 4Q/18. Early stage delinquency (30-89 days)…
U.S. credit card marketshare, based on purchase dollar volume (PDV) among the top 4 U.S. bank credit card issuers, shows Capital One the only issuer with a positive gain in the fourth quarter (4Q/18), compared to the prior quarter. Top 4 Peer Group Marketshare As a peer group, the Top 4 U.S. issuers (Chase, Capital…
Credit card profits (after tax) among the nation’s Top 4 bank credit card issuers soared 31.4% in the fourth quarter (4Q/18), compared to one year ago (YOY). This compares to a YOY growth rate of 28.8% for the prior quarter. Aggregate credit card profits (after tax) for the top four issuers logged in at $2363…
