First Quarter Credit Card Profits

First Quarter Profits Top 4 Credit Card Networks & Issuers

First quarter profits for the first quarter (1Q/19) for the four largest networks and the credit card businesses of four largest issuers will likely be all over the map starting tomorrow as Chase releases its first quarter numbers before the opening bell. The first quarter is historically a slow consumer spending period and a time…

Visa Mastercard International Transactions

Visa Mastercard International Gross Transactions up 19% YOY

International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 18.6% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 11.8% YOY in 2017. International GTX for credit cards increased 18.1% YOY, compared to 4.1% YOY in 2017. International CTX for debit cards soared 18.9% YOY in 4Q/18, compared to 17.1%…

International Card Cash Transactions

International Card Cash Q4 Transactions Up 6% YOY

International card cash transactions (CTX) for Visa and MasterCard credit and debit cards grew by 6.0% year-on-year (YOY) in the fourth quarter (4Q/18). International CTX for credit cards increased 0.2% YOY while international CTX for debit cards rose 6.3% YOY in 4Q/18. In the fourth quarter gross international payment card CTX for Visa and MasterCard…

credit card issued

American Express Leads Progression of U.S. Credit Cards Issued in 2018

U.S. credit cards issued among the Big 6 issuers grew 3.6% year-on-year (YOY) at the end of the fourth quarter (4Q/18), up 11.9 million cards-in-force (CIF) YOY to 345.7 million cards, compared to 343.4 million in 3Q/18 and 333.8 million for 4Q/17, according to CardData. The Big 6: (Chase [JPM], Capital One [COF], Bank of…

International Credit Cards

International Card Accounts for Visa and Mastercard Q4 Grew 8% YOY

Visa and Mastercard international card accounts gathered more steam in 2018 as the annual growth rate expanded by 50 basis points (bps). Visa and Mastercard gross (open) payment card accounts (GAC) for the fourth quarter (4Q/18) grew 7.9% year-on-year (YOY), compated to 7.4% YOY in 2017. International credit GAC was up 6.1% YOY and international…

International Credit Card Cash Volume

International Credit Card Cash Volume for Visa and Mastercard Slips 160 bps FX YOY

International credit card cash dollar volume (CDV) for Visa and Mastercard decreased, on a currency adjusted basis (FX), to 5.3% in the fourth quarter (4Q/18) compared 6.9% one-year ago. On a nominal basis (not currency adjusted), Visa and Mastercard international payment card (credit + debit) declined 1.9% YOY in the fourth quarter, while credit card…

Internal Via Mastercard GDV

International Card GDV for Q4 Visa and Mastercards Credit +10% & Debit +12% YOY

International card GDV for Visa and Mastercard credit cards for the fourth quarter (4Q/18) rose 9.5% year-on-year (YOY), on a currency adjusted basis (FX). International debit card gross dollar volume (GDV) jumped 12.1% YOY FX for both networks combined for 4Q/18. On a nominal basis (not currency adjusted) international credit and debit cards for Visa…

U.S. Visa Mastercard Accounts

Visa Mastercard Accounts U.S. Double-Digit Q4 YOY Growth Sparked by Debit Cards

U.S. Visa Mastercard credit and debit card accounts grew 10.9% year-on-year (YOY) for the fourth quarter (4Q/18). U.S. gross (open) accounts (GAC) for credit cards grew 7.6% YOY in 4Q/18. U.S. debit card GAC was up 13.2% YOY for the fourth quarter, according to figures gathered by CardData. Visa and MasterCard passed the one billion…