Discover Card Weathers 2020 U.S. Credit Card Crash
The Discover card portfolio continues to defy gravity, posting a 2.3% YOY (year-on-year) gain in the fourth-quarter (4Q/20) GDV and growing at a solid 5.29% five-year CAGR (compound annual growth rate). Furthermore, Discover increased its U.S. GDV marketshare from 4.0% to 4.3% over the past twelve months, Credit Card Networks U.S. GDV (gross dollar volume)…