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…

Credit Card Delinquency Remains Stable as Auto & Boat Delinquency Heads North

Delinquencies in bank cards (credit cards provided by banks) fell 5 basis points (bps) to 2.69% of all accounts, staying significantly below their 15-year average of 3.66%. However, delinquencies in closed-end loans (like auto and boat loans) rose. According to the American Bankers Association (ABA) among the 11 individual loan categories, delinquencies rose in all…