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…

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],…