Proprietary Report with Analysis on Top 4 U.S. Credit Card Purchase Dollar Volume.
U.S. Purchase Dollar Volume (PDV) among the top four U.S. bank credit card issuers, rose 18.9% year-on-year (YOY) in the first quarter (1Q/17), compared to YOY growth rate of 10.0% in 1Q/16. Citi drove the YOY growth with the 2016 acquisition of the AmEx/Costco portfolio.
The top four U.S. issuers racked up $334.5 billon in PDV for 1Q/17, compared to $363.6 billion in 4Q/16 and $281.4 billion in 1Q/16.
Chase posted a . . . .