MasterCard’s average ticket (TIX) per purchase for U.S. credit cards has increased 10.3% since 2009, compared to Visa’s decrease of 1.9% during the same five year period. MasterCard’s average U.S. debit card purchase TIX runs about 4.8% higher than Visa’s since 2009. According to CardData, the MasterCard average TIX for full-year 2014 for credit cards is $90.23 and $39.42 for debit cards, up $8.39 and 8 cents respectively, compared to 2010.
Visa’s average ticket (TIX) per point-of-sale (POS) purchase has been rock solid for the past five years. According to CardData, the Visa average TIX for full-year 2014 for credit cards is $84.18 and $37.57 for debit cards, down 60 cents and up 48 cents respectively, compared to 2010.
MasterCard’s (MC) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 21.7% on a local currency basis in the first quarter (Q1/14) to US$49 billion. Based on PDV, the MC LAC region is the fastest growing region. The average purchase ticket in the MC LAC region declined 12.0% Y/Y. One-year ago it stood at US$47.06, compared to US$47.48 in Q4/13 and US$47.06 in Q1/14, according to CardData. MC has 145 million cards-in-force (CIF) currently in the LAC region, compared to 131 million in Q1/13.
The average purchase transaction for a MasterCard-branded card in the APMEA (Asia Pacific Middle East Africa) region hit $94.14 in 2013, nearly double the average purchase transaction of $55.72 for U.S. MasterCard credit and debit cards. Meanwhile, the average purchase tickets on U.S. MasterCard debit cards has been relatively consistent since 2009, but MasterCard’s average purchase ticket for U.S. credit cards has grown significantly from $80.68 in 2010 to $88.09 last year.
Capital One’s 30-day delinquency rate for U.S. credit cards was up to 3.37% in August from 3.09% in July, according to the SEC. This compares to its international business counterpart, indicating a rate down marginally from 4.77% to 4.78%. The US figures are up significantly on delinquencies for all U.S. credit card ABS, which fell…
Pre-recession average credit card interest rates hovered around 16%- not far off the current 14.98% average- before dropping to a rock bottom 12.64% back in 2010. Rates have been on their way up since the June average of 14.83% and now sit at record highs. As for the months between, February rates dropped like a…
Average national credit card debt dropped 18% to $6,285, with consumers in 19 states having paid down their debt by equal to or more than the national average. With this, Wisconsin cardholders paid down debt by a whopping 37%; Hawaii consumers paid down debt 22%; Missouri & Nevada both paid down card debt 21%; Maine…
Fitch Ratings has affirmed the long-term ratings, Loss Severity (LS) ratings and Rating Outlooks assigned to Cabelas Credit Card Master Note Trust as stable, thanks in great part to the monthly payment rate (MPR), measuring speed at which consumers are paying off their credit card debts, remaining consistent. Currently the 12-month MPR average is 41.77%,…
The Monthly payment rate (MPR) dropped for the second straight month in March by 1.16% to 19.21%. This improvement is slower than that recorded the month prior when it fell nearly 1.5%, and although it is slowly improving, MPR is still approximately 19% higher than the historical average of 16.21%. MPR has only dropped below…
Losses and delinquencies for U.S. prime credit card chargeoffs
continue with positive momentum and ongoing improvements in delinquency.
Trends indicate this may recede further in the coming months, but loss
rates still remain high on a historical basis. Typically on the increase
at this time of year, charge-offs are down two basis points (bps) to
9.20% to the lowest point in 19 months, which still stand however at 55%
above the long term historic average of 5.93%. This, according to Fitch
Ratings, also shows late stage delinquencies trended lower for the tenth
consecutive month having hit a 25-month low to now sit 98 bps lower than
in the year ago period for a 22% decline. Meanwhile, gross yield fell
slightly for the second straight month in October for a 12-bp decrease
to 21.80%, but was still 11% higher year over year, and the monthly
payment rate was down for the second straight month after registering a
31 month high back in September. MPR receded 42 bps in October to
19.23%, still represented a 4% increase from last year and is more than
19% higher than the long term historic average of 16.15%.
COFS HISTORICAL
JUN/08: 5.3%
SEP/08: 5.5%
DEC/08: 6.0%
MAR/09: 8.7%
JUN/09: 9.5%
SEP/09: 10.1%
DEC/09: 10.6%
MAR/10: 10.93%
JUN/10: 10.28%
SEP/10: 10.19%
OCT/10: 9.20%
Source: CardData
(www.carddata.com)
Among consumers with children in preschool through high school, 39% expect to spend more per child on back to school shopping while 41% expect to spend the same this year. With this, the average family of four will spend $550; 39% plan to spend more on back to school shopping this year than in 2009; 63% will have a set budget and virtually all parents; and 94% will look for ways to be resourceful. These findings, according to the latest American Express Spending & Saving Tracker, also show 34% intend to buy electronics, the most common being laptops(18%) with an average ticket price of $530.
BACK-TO-SCHOOL
ITEM ON LIST AVG EXPENSE
Clothing 88% $240
Shoes 86% $100
Supplies 85% $90
Among US debit card users, 37% have overdrawn their accounts in the past year while only 30% of the overdraft users will most likely file overdraft information sent to them by their bank or credit union. Additionally, if banks rely on only one Opt-In/Out contact, 30% of their overdraft customers will not respond, will be automatically opted out, and will not be protected by overdraft protection, as required by the new Regulation E legislation. This, according to a March 2010, ACTON Market Intelligence Internet-based survey of 20,000 adult heads of household, also shows 30% of the overdraft users will likely be automatically opted out this summer due to non-response to their Opt-In/Out forms and subsequently without overdraft protection. This 30% accounts for 11% of all the debit card user accounts, nearly half of which will most likely move their account to another institution.
2009 AVG OL FEES
JAN: $35.92
FEB: $35.92
MAR:$35.93
APR: $35.95
MAY:$35.98
JUN: $36.10
JUL: $36.12
AUG: $37.75
SEP: $38.01
OCT: $36.58
NOV: $36.90
DEC: $36.91
SOURCE:Carddata.com