Proprietary Report with Analysis on Top 4 U.S. Credit Card Gross (Open) Accounts.
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers jumped 12.5% year-on-year (YOY) in the first quarter (1Q/17) to 213.8 million, compared to 190.0 million one-year ago.
The GAC growth is driven by Citibank and its acquisition of the American Express Costco portfolio in early 2016.
Chase, the nation’s largest issuer, increased . . . .