Second-Quarter PDV

Second-Quarter PDV Declines 200 bps YOY U.S. CAGR 8.78%

Second-quarter PDV (purchase dollar volume) for the U.S. payment cards (credit+debit+charge+prepaid) grew 9.1% YOY (year-on-year), compared to 11.1% one-year ago. Mastercard picked up 90 bps (basis points), while Discover declined 440 bps during the same period. The Major 4 U.S.-based payment card networks: Visa [V]; Mastercard [MA]; American Express [AXP]; and Discover (DFS) collectively posted…

Second-Quarter Card Charge-Offs

Second-Quarter Card Charge-Offs Stabilize at 7 Yr High & Reserves +7%

Second-quarter card charge-offs among the Top 4 U.S. bank credit card declined slightly from the prior quarter, a historical pattern, but up double-digits from one-year ago, remaining the highest for a second-quarter in seven years. Credit card charge-offs among the nation’s Top 4 credit card issuers dipped 2 bps (basis points) sequentially in the second-quarter…

Second-Quarter Global Cards

Second-Quarter Global Cards +6.5% U.S. Debit +11% YOY

Second-quarter global cards among the Major 4 U.S. payment networks expanded by 347 million credit and debit cards-in-force (CIF) over the past twelve months. The Major 4 (Visa [V], Mastercard [MA], American Express [AXP], Discover/Diners [DFS]), global payment cards grew 6.5% year-on-year (YOY) in the second-quarter (2Q/19). Second-Quarter Global Cards Growth Analysis The Major 4…

second-quarter card loan growth

Second-Quarter Card Loan Growth Falls Off the Cliff +3% YOY

Second-quarter card loan growth, among the Top 4 U.S. issuers, grew a paltry 2.6% year-on-year (YOY), compared to 3.4% YOY in the prior quarter, and compared to 4.8% YOY one-year ago. Among the nation’s Top 4 credit card issuers (Chase [JPM], Capital One [COF], Bank of America [BAC], and Citibank [C]), the annual growth rate…

Second-Quarter Global Volume

Second-Quarter Global Volume FX Down 10 bps & CAGR Slips

Second-quarter global volume on a currency adjusted basis (FX) for the Major 4 U.S. based networks was essentially flat year-on-year (YOY) down by 10 basis points (bps), compared the prior year. American Express posted the only YOY FX gain in global gross dollar volume (GDV) of nearly 200 bps. Global payment card (credit+debit+charge+prepaid) GDV for…

second-quarter card delinquency

Second-Quarter Card Delinquency Continues Upward Trajectory

Second-quarter card delinquency among the nation’s top credit card issuers dipped from the prior quarter, due to seasonality and increasing balances. However, over the past five years, the second-quarter delinquency ratio has been on an upward trend, rising 35 bps (basis points) from the second-quarter of 2015. It is the highest second-quarter ratio for more…

Active Cards Big 6 U.S.

Active Cards for Big 6 Lifted By Discover’s 9% CAGR

Active cards, or credit card accounts with sales activity, among the Big 6 U.S. issuers, increased 3.5% year-on-year (YOY) in the first-quarter (1Q/19), compared to a record of about 14% YOY in 2018. However, Discover’s nearly 9% CAGR in organic growth and by Citibank’s approximate 10% CAGR produced by acquisitions. On a YOY basis. American…

Second-Quarter Card Volume

Second-Quarter Card Volume for Major 4 Falls 100 bps

Second-quarter card volume, among the Major 4 payment networks (Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS]) for U.S. credit cards, lost momentum, growing 8% year-on-year (YOY), compared to a 9% YOY gain for the year ago quarter. The Major 4 reported $1028 billion in U.S. credit card gross dollar volume (GDV) for…

Asia-Pacific Card Accounts

Asia-Pacific Card Accounts Ruled By MC – Canada by Visa

Asia-Pacific card accounts post solid growth for Mastercard rising nearly 16% YOY (year-on-year) while Visa grabbed more share from Mastercard in Canada, growing nearly 9% YOY. Visa and Mastercard gross (open) payment card accounts (GAC) for the first-quarter (1Q/19) increased 6.8% YOY, compared to 7.0% YOY in 2018. Visa and Mastercard International credit card GAC…