Visa Mastercard Cards-in-Force

U.S. Visa Mastercard Cards-in-Force Regain Steam in Economically Heated Q4 Market

Visa Mastercard cards-in-force (CIF) for U.S. payment cards (credit & debit) increased 6.1% year-on-year (YOY) in the fourth quarter (4Q/18), compared to a 2.1% YOY gain in the prior quarter. Visa and Mastercard U.S. credit cards increased 3.4% YOY while CIF for debit cards rose 8.1% YOY, in 4Q/18. There are were 1371 million Visa…

Credit Card Outstandings

Big 6 Credit Card Outstandings Growth Slows Markedly YOY in Q4 – AXP Peer Leader

U.S. credit card outstandings end-of-period (EOP) among the Big 6 credit card issuers increased 2.7% in the fourth quarter (4Q/18) year-on-year (YOY), compared to a 6.8% YOY for the year ago quarter. Over the past two years, Big 6 outstandings have jumped 9.7%. The Big 6: Chase (JPM), Capital One (COF), Bank of America (BAC),…

Credit Card Accounts U.S.

Credit Card Accounts Among Major 4 U.S.-Based Payment Networks Nose Up in Q4

Credit card accounts in the fourth quarter (4Q/18) for the U.S. Major 4: Visa, Mastercard, American Express and Discover, were up 5.0% year-on-year (YOY). For 4Q/17 the Major 4 gained 0.7% YOY and during 2016, the Major 4 increased U.S. gross credit card accounts (GAC) by 5.6%, according to data gathered by CardData. Mastercard led…

Credit Card Gross Volume

Credit Card Gross Volume Tops $1 Trillion in Q4 for U.S. Major 4 Networks

Credit card gross volume for Visa, Mastercard, American Express and Discover credit cards, the Major 4, in the U.S. climbed 8.6% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 10.1% YOY for 4Q/17, reaching $1007 billion in gross dollar volume (GDV), according to figures collected by CardData. Major 4 Q4 Analysis This is the…

International Visa Mastercards

International Visa Mastercards Surpass Four Billion Cards-in-Force

International Visa Mastercards set a new record of 4 billion cards-in-force (CIF) in the fourth quarter (4Q/18), growing 7.5% year-on-year (YOY) last year, compared to a 5.7% YOY gain for 2017, according to figures gather by CardData. International credit card CIF for Visa and Mastercard increased 5.7% YOY in (4Q/18), while international debit card CIF…

Credit Card Worldwide

Credit Cards Worldwide Plus Global Debit Add 347 Million CIF in 2018

Credit cards worldwide, including debit cards, grew 6.6% year-on-year (YOY) in the fourth quarter (4Q/18). By comparison payment cards-in force (CIF) increased 5.5% YOY in 3Q/18. At the end of 2018, global CIF for the Major 4 U.S.-based totaled 5.6 billion, compared to 5.5 billion in prior quarter, and 5.2 billion at then end of…

Cash Advance Transactions

Credit Card Cash Transactions Demand Falls in Flourishing 2018 U.S. Economy

Credit card cash transactions (CTX) for Visa and Mastercard U.S. credit and debit cards in the U.S. declined by 2.3% year-on-year (YOY) in the fourth quarter (4Q/18). U.S. 4Q/18 credit card cash transactions were flat YOY, while U.S. debit card CTX decreased 2.3% YOY, according to figures collected by CardData. Visa’s 4Q/18 CTX for U.S.…

International Payment Card Purchases

International Payment Card Purchases Post Double-Digits YOY FX Q4 Gain

Visa and Mastercard international payment card purchases (credit + debit) dollar volume (PDV) for the fourth quarter (4Q/18) posted US$1954 billion, up 6.7% year-on-year (YOY), on a nominal basis (NFX). On a currency adjusted basis (FX) international PDV increased 13.5% YOY, compared to a revised 13.9% YOY in the third quarter. Visa and Mastercard international…

U.S. Credit/Charge Cards-in-Force

Total Major Credit Cards in the U.S. Expands by 22 Million in 2018

Total major credit cards in the U.S. topped the 672 million milestone in 2018, with Mastercard leading the charge in domestic credit/charge cards-in-force (CIF). U.S. (CIF) in the fourth quarter (4Q/18) for Visa, MasterCard, American Express and Discover was up 3.4% year-on-year (YOY), compared to 3.8% YOY growth in the prior quarter. At the end…

Visa Mastercard CIF for U.S.

Visa Mastercard CIF for the U.S. Market Loses Momentum in the Second Half

U.S. Visa Mastercard CIF (cards-in-force) for payment cards (credit & debit) increased 2.1% year-on-year (YOY) in the third quarter (3Q/18), compared to a 6.6% YOY gain in the prior quarter. U.S. credit cards increased 2.9% YOY while CIF for debit cards rose 1.5% YOY, in 3Q/18. There are were 1289 million Visa and Mastercard payment…

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…