U.S. Credit Card Issuer Outstandings

Credit Card Issuers Post Weak Growth in Outstandings for Q3

U.S. credit card outstandings end-of-period (EOP) among the Big 6 credit card issuers increased 4.9% in the third quarter (3Q/18) year-on-year (YOY) to $570.1 billion. Over the past two years, Top 6 outstandings have jumped 12.6%. The robust aggregate gain resulted from strong YOY growth from American Express and Discover, according to RAM Research. The…

U.S. Credit Card PDV Big 6 Issuers

Credit Card U.S. PDV Posts Double Digits YOY Growth in Q3

Credit card U.S. PDV (Purchase Dollar Volume), for credit cards, among the Big 6 U.S. credit card issuers, rose 10.9% year-on-year (YOY) for the third quarter (3Q/18), compared to growth rate of 10.6% for 2Q/18, according to CardData. Capital One scorched the Big 6 with the largest YOY PDV gain, while Bank of America was…

Credit Card Yields 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…

Credit Card Loan Growth

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…

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…

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…

Big 6 Credit Card GDV

Credit Card Gross Dollar Volume Tracks with the U.S. Economy Entering Double-Digit Growth YOY

Credit card gross dollar volume (GDV) among the big U.S. six U.S. bank card issuers, rose an estimated 10.7% year-on-year (YOY) in the second quarter (2Q/18). Capital One led the peer group with a high double-digit growth YOY in 2Q/18, followed by Chase and American Express, respectively. Chase, Bank of America (BofA), Capital One and Citibank…

Credit Card Rates Rise Nationally

Credit Card Rates Rise Nearly 150 bps YOY or 2X Prime Rate Increase

Nominal credit card rates among banks and credit unions nationally increased 137 basis points (bps) in the second quarter (2Q/18) year-on-year (YOY) while rates assessed on accounts with balances rose 154 bps over the same period. Sequentially, nominal interest rates rose 51 bps as accessed credit card rates increased 22 bps. Nominal credit card interest…

Credit Card Yields Top 4

Credit Card Yield Remains Solidly 11%+ in 2018 with Capital One the Driving Factor

The average credit card yield among the nations’s Top 4 bank card issuers declined 30 basis points (bps) sequentially at 11.31%, but up 12 bps year-on-year (YOY) for the second quarter (2Q/18), compared to 11.61% for the prior quarter, and 11.19% for 2Q/17. Capital One (COF), continues to lead the Top 4 with a 15.05%…

Capital One Leads Top 4 Marketshare Growth

Capital One U.S. PDV Credit Card Marketshare Soars in Q2 +90 bps YOY

Capital One led the charge in the U.S. credit card market in the second quarter (2Q/18). U.S. credit card marketshare, based on Visa and Mastercard purchase dollar volume (PDV), among the top 4 U.S. bank credit card issuers, declined 80 basis points (bps) to 61% in the second quarter. U.S. CREDIT CARD MARKETSHARE While Chase…