International GTX

Mastercard International Debit GTX Soars 25% – Visa Credit Sputters

Mastercard international debit GTX (gross transactions) soared as Visa and Mastercard GTX for credit and debit cards jumped 11.1% year-on-year (YOY) in the first-quarter (1Q/19) compared to a 18.6% YOY increase in the fourth-quarter. The international debit card transactions market remains hot with a CAGR (compound annual growth rate) above 28%. International payment card gross…

Big 6 Card Issuers

Big 6 Card Issuers Expand Base by 13.5MM with +3.3% GAGR

Big 6 card issuers grew 4.0% year-on-year (YOY) at the end of the first-quarter (1Q/19) bring U.S. credit cards to 350.0 million. Since the first-quarter of 2018, the nation’s largest issuers have added 13.5 million cards-in-force (CIF). In the prior quarter total CIF stood at 345.7 million. The Big 6: Chase [JPM], Capital One [COF],…

Credit Card GDV

Credit Card GDV Among Big 6 U.S. Issuers Pumps the Brakes

Credit card GDV (gross dollar volume) among the Big 6 U.S. bank card issuers, rose an estimated 8.0% year-on-year (YOY) in the first-quarter (1Q/19), compared to a 10.5% YOY gain for 1Q/18; 10.0% YOY increase in 1Q/17; and a 5.9% YOY gain for 1Q/16. Chase led the peer group with a YOY gain nearing 10%…

International Card Purchase Transactions

International Card PTX Declines Sharply for Credit & Slightly for Debit

International card PTX (payment transactions) for Visa and Mastercard credit/charge and debit/prepaid cards grew by 12.5% year-on-year (YOY) in the first-quarter (1Q/19), compared to 21.5% YOY for 1Q/18. International PTX for credit/charge cards increased 3.2% YOY in the first-quarter of 2019, compared to 20.4% YOY for the prior year. International PTX for debit cards rose…

90+ Day Card Delinquency

Second-Quarter 90+ Card Delinquency Edges Down Still at Record Highs

Second-quarter 90+ card delinquency declined for three top credit card issuers reporting thus far. Chase dropped 10 bps (basis points), Bank of America declined 8 bps and Citibank slipped 7 bps in the second-quarter (2Q/19) compared to the prior quarter for late stage (90+ days) delinquency. Historically, delinquency ratios decline in the second-quarter as the…

International Payment Cards

International Payment Cards to Top 5B in 2021 w/11% CAGR

International payment cards for Visa and Mastercard grew at a softer pace in the first-quarter. However, international debit and prepaid cards are growing a twice the pace of international credit and charge cards since 2015. Visa [V] and Mastercard [MA] international payment CIF (cards-in-force) increased 6.5% YOY (year-on-year) in the first-quarter (1Q/19), compared to a…

Card Loan Growth

Card Loan Growth Downshifts to 5.56% CAGR – Upshifts in Q2

U.S. card loan growth among the Big 6 credit card issuers increased 3.5% in the first-quarter (1Q/19) year-on-year (YOY), compared to a 8.0% YOY for the year ago quarter. Early results for the second-quarter reveal Chase U.S. credit card outstandings grew 8.5% YOY, Citibank is up 2.8% YOY, and Bank of America was flat (+0.7%).…

International Card Purchases

International Card Purchases 10%+ YOY FX Driven by Debit

International card purchases for Visa and Mastercard jumped 10.5% YOY (year-on-year) in the first-quarter on an FX (currency adjusted) basis. International credit and charge card PDV (Purchase Dollar Volume) increased 7.8% YOY FX, while international debit and prepaid card PDV soared 14.6% YOY FX, according to figures gathered by CardData. Mastercard is growing 210 bps…

Second-Quarter Card Delinquency

Second-Quarter Card Delinquency Mixed Bag No Surprises

Second-quarter card delinquency, as projected, will rise moderately among the nation’s Big 6 credit card issuers. Early results show the second-quarter (2Q/19) 30-day delinquency ratio for Chase at 1.71%, a 14 basis points (bps) decline from the prior quarter, but up 14 bps for Citibank to 1.66%. Early stage delinquency (30+ days) among the nation’s…