After three consecutive down years, bank credit card issuers with less than $1 million in outstandings made a comeback in the second quarter. Since 2000, micro issuers have experienced a 7.1% decline in outstandings but rebounded in 2Q/05 with a 4.6% gain over 2Q/04. According to CardData’s second quarter portfolio survey, volume among micro issuers soared by more than 40% in the second quarter compared to one-year ago. The strong gain in volume, the rebound in receivables, was somewhat offset by a 2.5% decline in active accounts. According to R.K. Hammer Investment Bankers, micro portfolios with less than $1 million in assets currently carry a premium between 5% and 10% if sold. Next week, the top issuers will release their second quarter report. For the latest second quarter 2005 results, visit CardData ([www.carddata.com]).