Credit card fee income nudged down in 2018 by 60 basis points (bps), compared to the prior year, but has climbed 8.7% over the past five years, topping $100 billion for the first time in 2017, according to data gathered by CardData. The decline for 2018 was directly attributable to reduced penalty fees (mostly late…
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 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)…
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 ROA has finally clawed its way back after the devastating “Great Recession” and “Credit Crisis” of 2008-09. All the nation’s top credit card issuers reported record profits in 2018. This past year, the estimated pre-tax, return-on-assets (ROA) rose modestly to 4.60%, compared to 4.45% for 2017, according to R.K. Hammer, credit card portfolio…
Credit card profits (after tax) among the nation’s Top 4 bank credit card issuers soared 31.4% in the fourth quarter (4Q/18), compared to one year ago (YOY). This compares to a YOY growth rate of 28.8% for the prior quarter. Aggregate credit card profits (after tax) for the top four issuers logged in at $2363…
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 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 (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 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 portfolios took it majorly on the chin in the Great Recession of 2009 to 2010. The impact, in terms of portfolio characteristic changes and profits, on the credit union/bank card industry was stunning. According to the R.K. Hammer/Card Knowledge Factory, outstanding credit card loans fell by $200 billion, or 19% YOY (year-on-year), as…
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…
