Credit Card Profits Soar

Mesospheric Credit Card Profits for Big 6 Issuers Propelled by GOP Corp Tax Cut

U.S. credit card profits among the nation’s Big 6 issuers soared beyond the stratosphere in fourth quarter (4Q/18) and all of 2018, rising from about $3 billion per quarter in 2017 and 2016 to $4.5 billion. Profits (after tax) among the nation’s Big 6 U.S. credit card issuers (Chase [JPM]; Capital One [COF]; Bank of…

Credit Card Marketshare

Credit Unions & Smaller Banks Nibble Away at Big 6 U.S. Credit Card Q4 Marketshare

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…

Credit Card Q4 Yield

Credit Card Q4 Yield for the Big 6 U.S. Issuers Hit a 5+ Year High

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…

Credit Card Delinquency

Credit Card Delinquency and Charge-Offs for Big 6 Pull Off a Bad Q4 Hat Trick

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…

Big 6 Credit Card Issuers Delinquency

Top Credit Card Issuers Face Acclivity in Early Stage Delinquency for 2019-2020

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…

Credit Card Outstandings

Big 6 Credit Card Outstandings Growth Slows Markedly YOY in Q4 – AXP Peer Leader

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 Accounts U.S.

Credit Card Accounts Among Major 4 U.S.-Based Payment Networks Nose Up in Q4

Credit card accounts in the fourth quarter (4Q/18) for the U.S. Major 4: Visa, Mastercard, American Express and Discover, were up 5.0% year-on-year (YOY). For 4Q/17 the Major 4 gained 0.7% YOY and during 2016, the Major 4 increased U.S. gross credit card accounts (GAC) by 5.6%, according to data gathered by CardData. Mastercard led…

Payment Card Marketshare Q3

Payment Card Marketshare Moves in Mastercard’s Favor Based on Q4 U.S. GDV by 20 bps

Payment card marketshare among the Major 4 U.S. networks for the fourth quarter (4Q/18) reveals Mastercard has picked up share at the expense of American and Discover, while Visa remains solid. Based on gross dollar volume (GDV) Visa’s U.S. share has held steady at 61.2% for the past two years. Mastercard’s U.S. share inched up…

Credit Card Dollar Volume

Credit Card Dollar Volume Growth Among Big 6 U.S. Issuers Slumps a Tad in Q4

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…

Global Credit Card Networks PDV

Global Credit Card Networks Continue Double-Digit Currency Adjusted PDV Gains YOY

Global credit card networks purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover/Diners cards (credit + debit) globally rose 8.2% year-on-year (YOY) on a nominal dollars basis (NFX) for the fourth quarter (4Q/18). However, on a currency adjusted basis (FX), global 4Q/18 PDV increased 13% YOY.  The major four U.S.-based global networks posted…

Big 6 U.S.Credit Card PDV

Credit Card PDV Slips & Slides Among Big 6 in Q4 Due to Rocky Holiday Sales

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…

Credit Card Profits

Credit Card Profits Q4 YOY Screwy Gains Impacted Bigly by the Year Ago Tax Act

Credit card profits for the top U.S.-based global payments networks skyrocketed year-on-year (YOY) in the fourth quarter (4Q/18). The network peer group net income (after tax) soared 240.0% YOY for 4Q/18, equally driven by “kitchen sink” quarters for Mastercard and American Express. The Major 4 (Visa, Mastercard, American Express and Discover) reported a combined 4Q/18…