U.S. card loan growth among the Big 6 credit card issuers increased 3.5% in the first-quarter (1Q/19) year-on-year (YOY), compared to a 8.0% YOY for the year ago quarter. Early results for the second-quarter reveal Chase U.S. credit card outstandings grew 8.5% YOY, Citibank is up 2.8% YOY, and Bank of America was flat (+0.7%).…
Second-quarter card delinquency, as projected, will rise moderately among the nation’s Big 6 credit card issuers. Early results show the second-quarter (2Q/19) 30-day delinquency ratio for Chase at 1.71%, a 14 basis points (bps) decline from the prior quarter, but up 14 bps for Citibank to 1.66%. Early stage delinquency (30+ days) among the nation’s…
First-quarter U.S. card PDV (Purchase Dollar Volume) expanded by a slower annual rate in more than five years for the Big 6 credit card issuers led by strong performances by Capital One and Chase. Chase led in YOY (Year-on-Year) growth will Capital One leads in four-year CAGR (compound annual growth rate). U.S. credit card PDV…
Second-quarter card profits for the four largest U.S.-based payment card networks and the four largest credit card issuers will likely post robust performance. Consumer confidence indices, government data, and retail sales activity point to strong growth in PDV (purchase dollar volume) for the payment networks and sharp increases in cardholder balances for card issuers, reflecting…
Chase card marketshare, based on U.S. purchase dollar volume (PDV) of Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS] jumped to nearly 20% in the first-quarter (1Q/19). Chase, the nation’s largest credit card issuer on outstandings and the fastest growing issuer based on PDV among the top issuers, surged 90 bps (basis points)…
First-quarter credit card profits among the nation’s Top 4 U.S. card issuers edged up 60 basis points (bps) year-on-year (YOY), compared to a tax cut fueled surge of more than 50% one-year ago. Sequentially, credit card profits were down 3.7%. Since 2015, the compound annual growth rate (CAGR) is running about 1.48%. Profits (after tax)…
U.S. credit card share for the Big 6 peer group increased to 54.2% in the first-quarter, compared to 53.4% for the first-quarter 2018. American Express year-on-year (YOY) growth in U.S. credit card outstandings for the first-quarter (1Q/19) lead the peer group. On a Compound Annual Growth Rate (CAGR) basis, Capital One outpaced the other five…
First-quarter credit CIF (cards-in-force) among the Top 4 U.S. credit card issuers picked up some momentum adding 9.7 million cardholders over the past year. Based on current growth trends and economic patterns, the number of credit and charge cards, issued by the major issuers, will likely top 300 million in early 2023. The Top 4…
U.S, credit card yield, among the nations’s Top 4 bank credit card issuers, rose 24 basis points (bps) sequentially at 12.34% and up 73 bps year-on-year (YOY) for the first-quarter (1Q/19), compared to 12.10% for the prior quarter, and 11.61% for 1Q/18, according to figures compiled by CardData. The U.S. Top 4 Issuers (Chase [JPM],…
First-quarter card accounts in the U.S. for the Top 4 issuers grew by 6.3 million from one-year ago. Over the past five years gross (open) accounts for U.S. credit cards among the nation’s four largest issuers expanded by 37.9 million. In the first-quarter (1Q/19) the year-on-year (YOY) gain in gross accounts was 3.3%, compared to…
U.S. credit card GDV (Gross Dollar Volume) rose 7.3% YOY (year-on-year) in the first-quarter (1Q/19) among the nation’s four largest issuers. This compares to a growth rate of 11.1% YOY for 1Q/18. The CAGR (compound annual growth rate) for GDV, which includes purchases and cash advances), also declined from 12.51% to 12.21% during the same…
First-quarter card profits among the nation’s Big 6 U.S. issuers edged up 160 basis points (bps) year-on-year (YOY), compared to a tax cut fueled surge of more than 50% one-year ago. Sequentially, credit card profits were flat. Since 2015, the compound annual growth rate (CAGR) is running about 2.77%. Profits (after tax) among the nation’s…