Credit Cards-in-Force

Credit Cards-in-Force Growth Signals U.S. Market Saturation

Credit Cards-In-Force (CIF) in the third quarter (3Q/18) for Visa, MasterCard, American Express and Discover in the U.S. was up 3.8% year-on-year (YOY). At the end of 3Q/18, there were 676 million U.S. credit/charge CIF compared to 651 million for 3Q/17, according to RAM Research. Total U.S. credit cards for 3Q/18 stands at an estimated…

Credit Card U.S. Yield Top 4

Credit Card Yields Set a New Record Among Nation’s Top 4 Issuers

Credit card yields average jumped among the nations’s Top 4 bank card issuers by 64 basis points (bps) sequentially at 11.94% and up 46 bps year-on-year (YOY) for the third quarter (3Q/18), compared to 11.31% for the prior quarter, and 11.94% for 3Q/17 according to CardData According to RAM Research this is first quarter ever…

Global Payment Card PDV

Global PDV for Major 4 Card Networks Picks Up Steam in Q3

Global PDV (Purchase dollar volume) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 9.0% year-on-year (YOY) on a nominal dollars basis for the third quarter (3Q/18). However, on a currency adjusted basis (FX), global 3Q/18 PDV increased 13% YOY, reports RAM Research. The major four U.S.-based global networks posted $3492…

Credit Card Late Stage Delinquency

Credit Card Loans Growth Driven Solely by Fast Growing Capital One

Credit card loans (outstandings) end-of-period (EOP) in the U.S., among the Top 4 U.S. issuers, gained 3.8% in the third quarter (3Q/18) year-on-year (YOY), posting $430.1 billion. The YOY growth rate is down 50 basis points (bps), compared to the prior quarter, according to CardData. The gain was largely driven by Capital One, the nation’s second…

Payment Cards Worldwide

Payment Cards Worldwide Driven by International Credit and Debit Cards

Payment cards worldwide or cards-in force (CIF) [credit + debit] grew by 5.5% year-on-year (YOY) in the third quarter (3Q/18) to 5448 million, compared to a revised 5369 million for 2Q/18 and 5166 million, one-year ago. All the four major U.S. based payments networks posted gains in 3Q/18, according to CardData. Visa and MasterCard Payment…

U.S. Payment Card PDV

Credit Card PDV Remains Robust Remains in Double-Digits in Q3

Credit card PDV (Purchase Dollar Volume) for the Major 4 networks (Visa, Mastercard, American Express and Discover) cards (credit + debit) in the U.S. climbed 11.4% year-on-year (YOY) in the third quarter (3Q/18) hitting near $1544 billion, according to CardData Visa barely led the way in the 3Q/18 posting an 11.7% YOY gain for U.S.…

Early Stage Credit Card Delinquency

Early Stage Delinquency Rises Among Top 4 Credit Card Issuers

Early stage delinquency (30+ days) for the third quarter (3Q/18), among the nation’s Top 4 issuers, increased 19 basis points (bps) sequentially, and declined year-on-year (YOY) by 1 bps. According to CardData, the average rate among the top four issuers (Chase, Capital One, Bank of America, Citibank) was 2.26% for 3Q/18, compared to 2.07% for…

Credit Card Charge-Offs

Credit Card Charge-Offs Among Big 6 Decline Moderately

Credit card charge-offs among the nation’s top 6 issuers rose 9 basis points (bps) year-on-year (YOY) to 3.25% for the third quarter (3Q/18), but down 22 bps sequentially, according to CardData. The Big 6 (Chase, Bank of America, Capital One, Citibank, American, Express, Discover) reported an aggregate charge-off ratio of 3.25% for 3Q/18, compared to…

Gross Dollar Volume 3Q/18

Gross Dollar Volume for U.S. Credit Cards Growth Nears Double-Digits in 3Q

Gross dollar volume (GDV) for Visa, Mastercard, American Express and Discover credit cards in the U.S. climbed 9.9% year-on-year (YOY) in 3Q/18, compared to 9.4% YOY for 2Q/18, reaching $959 billion. American Express led the way in the third quarter posting a 10.8% YOY gain for U.S. GDV, while all the other networks posted high…