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 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…

Late Stage Q2 Credit Card Delinquency Hovers at 1.00% for Big 6 U.S. Issuers

The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers edged up 2 basis points (bps) sequentially, to 1.00% for the second quarter (2Q/18), and down 8 bps from one-year ago (YOY). The 90+ day delinquency crossed the 1.00% milestone in 4Q/16, the first since 2009. The Chase 90+…

Big 6 U.S. Issuer Portfolio Q2 Yields Solidly 11%+ w/COF & DFS Leading the Path

The average yield among the nations’s big six bank credit card issuers came in at 11.42% for the second quarter (2Q/18), compared to 11.66% in the prior quarter, and 11.37% for 2Q/17. Capital One (COF), the nation’s fastest growing major credit card issuer, and Discover (DFS), one of best managed portfolio again, posted the highest…

Top 4 U.S. Card Issuers Q2 Charge-Offs Remain Stable — Hovering Around 3.5%

Charge-offs among the nation’s top four U.S. issuers edged up seven basis points (bps) year-on-year (YOY), but down 11 bps sequentially for the second quarter (2Q/18). For the top four issuers (Chase, BofA, Capital One, Citibank), average charge-offs were 3.55% for 2Q/18, compared to 3.66% for 1Q/18 and 3.48% for 2Q/17. The Chase 2Q/18 charge-offs…

Big 6 U.S. Card Issuer Q2 Outstandings +6% YOY +13.5% Since Q2/16 – Driven by AXP & DFS

U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers increased 6.3% in the second quarter (2Q/18) year-on-year (YOY) to $563.0 billion. Over the past two years, Top 6 outstandings have jumped 13.5%. The robust aggregate gain resulted from strong YOY growth from Capital One, American Express and Discover. The Big 6: American Express,…

COF Continues to Drive Growth in Q2 – Top 4 EOP Outstandings +4% YOY

U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained 4.3% in the second quarter (2Q/18) year-on-year (YOY) to $427.1 billion. The YOY growth rate is down 150 basis points (bps), compared to the prior quarter. The gain was largely driven by Capital One, the nation’s second largest U.S. issuer. Bank of America…

Big 6 Credit Card GDV

U.S. Credit Card Q2 PDV Tops Double-Digits YOY

U.S. Purchase Dollar Volume (PDV), for credit cards, among the Big 6 U.S. card issuers, rose 10.6% year-on-year (YOY) for the second quarter (2Q/18). Capital One scorched the Big 6 with a 17.3%+ YOY gain. 
The Big 6 U.S. issuers racked up $640.7 billon in PDV for 2Q/18, compared to $584.1 billion in 1Q/18 and…