Credit Card Debt

U.S. Credit Card Debt Heads North a Tad in August – Total Consumer Debt to Top $4T

U.S. consumer credit card debt (revolving) for August, mostly credit card debt (95%), remained above the $1 trillion level for the sixth consecutive quarter. The year-on-year (YOY) change edged slightly upward in August. Consumer revolving credit increased at an 5.6% annual rate of growth in August, compared to a revised 1.6% annual rate in July…

Credit Card Losses Slip Upward a Skosh in Q2 — Broadly Across the Board

Credit card losses among the nation’s top 6 issuers rose 18 basis points (bps) year-on-year (YOY) to 3.47% for the second quarter (2Q/18), but down 4 bps sequentially. The Big 6 (Chase, Bank of America, Capital One, Citibank, American, Express, Discover) reported an aggregate charge-off ratio of 3.47% for 2Q/18, compared to 3.51% for 1Q/18…

Credit Card Marketshare U.S. 2Q/18

Credit Card Marketshare Holds Steady for Top Four U.S. Payment Networks

Credit card marketshare, among the nation’s four major payment card networks, produced $1747 billion in U.S. gross dollar volume (GDV) in the second quarter (2Q/18) for a 9.3% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 61.1% in 2Q/17 to 61.4% in 1Q/18. VISA Visa posted a 9.3%…