Credit Card Yield Remains Solidly 11%+ in 2018 with Capital One the Driving Factor

The average credit card yield among the nations’s Top 4 bank card issuers declined 30 basis points (bps) sequentially at 11.31%, but up 12 bps year-on-year (YOY) for the second quarter (2Q/18), compared to 11.61% for the prior quarter, and 11.19% for 2Q/17. Capital One (COF), continues to lead the Top 4 with a 15.05%…

Australian Credit Card Debt Sputters

Australian Credit Card Debt Languishes as Consumer Confidence Wanes But Credit Card PDV Marches Upward

Australian credit card debt growth is sluggish while credit card usage is continues to grow slowly. Credit card outstandings grew 0.8% year-on-year (YOY) in July, while credit card purchase dollar volume (PDV) rose 7.2% YOY. According to figures released yesterday by the Reserve Bank of Australia (RBA), credit card credit limits were flat in July…

U.S. Credit Card Charge-Offs Head Higher

U.S. Credit Card Charge-Off Rates – Slowly But Surely Marching North in Q2

Credit card charge-offs, seasonally adjusted (SA), among the top 100 U.S. banks for the second quarter (2Q/18) decreased 16 basis points (bps) sequentially (QTQ), and up 8 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the charge-off rate among the top 100 U.S. banks for 2Q/18, dipped 5 bps QTQ and up 8…

Capital One Leads Top 4 Marketshare Growth

Capital One U.S. PDV Credit Card Marketshare Soars in Q2 +90 bps YOY

Capital One led the charge in the U.S. credit card market in the second quarter (2Q/18). U.S. credit card marketshare, based on Visa and Mastercard purchase dollar volume (PDV), among the top 4 U.S. bank credit card issuers, declined 80 basis points (bps) to 61% in the second quarter. U.S. CREDIT CARD MARKETSHARE While Chase…


Credit Card Debt Remains in Summer Doldrums for July 2018

U.S. consumer revolving debt for July, mostly credit card debt (95%), remained above the $1 trillion level for the fifth consecutive quarter. The year-on-year (YOY) change edged slightly upward in July. Consumer revolving credit increased at an 1.5% annual rate of growth in July, compared to a revised -1.4% annual rate in June and a…


Payment Card Transactions for V+M U.S. Rises 9.5% YOY in Q2

Payment card transactions (PTX) for Visa and Mastercard credit and debit cards in the U.S. grew by 9.5% year-on-year (YOY) in the second quarter (2Q/18) to 24.1 billion. The growth was driven by Mastercard credit and debit cards. U.S. payment card purchase transactions for Visa and Mastercard (debit+credit) hit 24,067 in 2Q/18, compared to 22,221…


Visa and Mastercard European Credit Cards Q2 Racking-Up Impressive YOY Gains

European Credit Cards Q2 for Visa and Mastercard posted strong year-on-year (YOY) gains for the second quarter (2Q/18). On a non-currency adjusted basis (NFX), gross dollar volume (GDV) rose 16.5% YOY, purchase dollar volume (PDV) increased 19.2% YOY, and cards-in-force (CIF) climbed 6.1% YOY. On a currency adjusted basis (FX), Visa GDV rose 7.3% YOY…

Credit Card Profits for Top 4 U.S. Issuers

Credit Card Profits Post Solid Q2 Gains

(Updated 9/6/18) Credit card profits (after tax) among the nation’s top four bank credit card issuers soared 20.0% in the second quarter (2Q/18), compared to one year ago (YOY). While Chase credit card profits edged down, Capital One profits skyrocketed by 83% YOY. Aggregate credit card profits (after tax) for the top four issuers logged…


Late Stage Q2 Credit Card Delinquency Hovers at 1.00% for Big 6 U.S. Issuers

The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers edged up 2 basis points (bps) sequentially, to 1.00% for the second quarter (2Q/18), and down 8 bps from one-year ago (YOY). The 90+ day delinquency crossed the 1.00% milestone in 4Q/16, the first since 2009. The Chase 90+…


Global PDV for Major 4 U.S. Card Networks Up 12% in Q2 FX YOY

Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 13.7% year-on-year (YOY) on a nominal dollars basis for the second quarter (2Q/18). However, on a currency adjusted basis (FX), global 2Q/18 PDV increased 12.1% YOY.  The major four U.S.-based global networks posted $3511 billion in global PDV…


Visa + Mastercard LAC Q2 PDV (FX) YOY Surges as Visa Marketshare Continues to Slip

Visa and Mastercard purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region skyrocketed in the second quarter (2Q/18) with year-on-year (YOY) growth in double digits. Mastercard has been slowly gaining on Visa in the LAC, eroding Visa’s marketshare in the LAC region, based on nominal PDV, to 61% at end-of-year…

U.K. Credit Card Lending

British Brexit Economy Sputters as Credit Card Lending Slows in July Amidst Stagnate Workers’ Pay

U.K. consumer credit growth continued its downward spiral in July, dropping to 8.5% year-on-year (YOY), its lowest level this year and well below the peak of 10.8% YOY set in November 2016. For July, driven by the Brexit fallout, the decline was 50 basis points (bps) sequentially, and flat YOY. However, according to the July…