Credit Card Write-Offs

Credit Card Write-Offs Moderate Among the Top 4 U.S. Major Issuers in Q4

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…

Canadian Credit Card Q4

Canadian Credit Card Purchase Volume Down a Skosh in Q4

Canadian credit card purchase dollar volume (PDV) for Visa Mastercard payment cards (credit cards + debit cards) posted weaker than expected performance in the fourth quarter (4Q/18) up 5.5% on a nominal basis or 8.3% currency adjusted (FX) year-on-year (YOY). Sequentially, nominal and FX YOY increases were 4.9% and 9.9%, respectively, Canadian payment cards-in-force (CIF)…

Top 4 Credit Card Marketshare

Credit Card Marketshare Ends 2018 Steady at 46% for Top 4 U.S. Issuers

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 U.S. Yield Top 4

Credit Card U.S. Yield Reaches New High Among Nation’s Top 4 Issuers in Q4

Average credit card U.S. yield, among the nations’s Top 4 bank card issuers, jumped 16 basis points (bps) sequentially at 12.10% and up 82 bps year-on-year (YOY) for the fourth quarter (4Q/18), compared to 11.94% for the prior quarter, and 11.28% for 4Q/17, according to data gathered by CardData Credit card yields average jumped among…

Credit Card Purchase Dollar Volume

Credit Card Purchase Dollar Volume Growth Slips Among Top 4 U.S. Issuers

Credit card purchase dollar vcolume (PDV) among the top four U.S. bank credit card issuers, rose 8.9% year-on-year (YOY) in the fourth quarter (4Q/18). PDV for Chase and Capital One where the only issuers scoring double digit gains in PDV YOY for the final quarter of 2018. The top four U.S. issuers (Chase, Capital One, Bank…

Credit Card Delinquency

Credit Card Delinquency Continues to Rise Slowly Among Top U.S. Issuers

Credit card delinquency (30+ days) for the fourth quarter (4Q/18), among the nation’s Top 4 issuers, increased 13 basis points (bps) sequentially, and edged up year-on-year (YOY) by 16 bps. According to CardData, the average rate among the top four issuers (Chase, Capital One, Bank of America, Citibank) was 2.40% for 4Q/18, compared to 2.27%…

Credit Card Late Stage Delinquency

Credit Card Outstandings Hit the Brakes in Final Quarter of 2018

Credit card loans (outstandings) end-of-period (EOP) in the U.S., among the Top 4 U.S. issuers, gained a mere 1.5% in the fourth quarter (4Q/18) year-on-year (YOY), posting $444.1 billion. The YOY growth rate is down 230 basis points (bps), compared to the prior quarter, based on data collected by CardData. The gain was largely driven by…

Credit Card Purchase Dollar Volume

Credit Card Losses Ease Among the Top 4 U.S. Major Issuers

Charge-offs among the nation’s top four U.S. issuers edged up two basis points (bps) year-on-year (YOY), but down 25 bps sequentially for the third quarter (3Q/18), according to CardData. For the top four issuers (Chase, Capital One, Bank of America, Citibank), average charge-offs were 3.27% for 3Q/18, compared to 3.55% for 2Q/18 and 3.25% for…