Among the top 4 U.S. bank credit card issuers Chase holds a commanding 24.7% marketshare, based on Visa and MasterCard purchase dollar volume (PDV) figures. Capital One, the hottest U.S. issuer, ranks #2 with a 12.4% marketshare.
Capital One’s (COF) international credit card outstandings, not currency adjusted, increased 6.7% year-on-year (YOY) in the third quarter (3Q/15), while purchase dollar volume (PDV) soared 60.5% YOY. Delinquency dropped 69 basis points (bps) and charge-offs sunk 152 bps YOY.
U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 9.8% year-on-year (YOY) in the third quarter (3Q/15). U.S. GTX for credit cards jumped 12.2% YOY while U.S. GTX for debit cards increased 8.8% YOY in 3Q/15.
The Big 6 issuers, based on U.S. outstandings of $925 billion, controlled 51.8% of the U.S. bank credit card business at the end of the third quarter. Chase led the pack with a 13.7% share followed by Bank of America (BofA) at 9.5%; Capital one (COF) at 8.9%; Citibank (Citi) at 7.0%; American Express (AXP) at 6.7%; and Discover (DS) at 6.3%.
U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers were slipped 0.5% year-on-year (YOY) at the end of the third quarter, down 1.1 million (estimated) cards to 229.9 million cards.
Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.2% year-on-year (YOY) in the third quarter to 19.439 billion.
U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 6.6% year-on-year (YOY) and 0.5% sequentially in the third quarter. Capital One completely blew out the Big 6 pack by a 3-to-1 margin.
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Gross or open accounts (GAC) for U.S. credit cards among the Big 6 U.S issuers climbed 2.4% year-on-year (YOY) in the third quarter (3Q/15) to 272.0 million, compared to 269.1 million in the prior quarter, and 265.7 million one-year ago.
U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained a mere 1.7% in the third quarter year-on-year (YOY) to $361.6 billion. Capital One continues to defy gravity among the peer group with a 12% YOY gain.
U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the third quarter (3Q/15) grew at an annual rate (YOY) of 4.6%.
Visa U.S. payment card (credit + debit) CDV for 3Q/15 was up 3.2%. MasterCard U.S. payment card (credit + debit) CDV for 3Q/15 was up 8.0%.