The document summarizes average annual growth in credit card receivables from December 2015 to June 2016 for the top U.S. credit card issuers. It shows that overall industry revolving balances grew by $22.9 billion at an average annual rate of 4.9% while balances at top issuers increased $11.2 billion at 3.7% average annual growth. Significant shifts included Amex transferring the JetBlue and Costco portfolios to Barclays and Citi, respectively.

1. Average Annual Growth in Credit Card Receivables (12/2015 – 06/2016)
Copyright 2016 CCG Catalyst Consulting Group
-5% 20%0% 10% 30% 40% 50%-10%
Source: SNL Financial, Federal Reserve Bank, company reports, CCG Catalyst Consulting Group analysis
(1) Top Visa / Mastercard credit card issuers as ranked by The Nilson Report for 2015, American Express and Discover (2) Synchrony excluded due to lack of comparative year over year data for bankcard
portfolio (3) TD balances include retail and private label (4) Card balances for Citi branded cards, NA – includes Costco portfolio (5) Amex balances reflect adjustment for JetBlue and Costco portfolio transfers
UNEVEN GROWTH AT TOP CREDIT CARD ISSUERS
$960.8MARKET
$97.4BANK OF AMERICA
$90.1CAPITAL ONE
$77.5CITI
$34.1WELLS
$18.1USAA
$4.3PNC
$57.1DISCOVER -2.3%
-0.6%
-3.7%
0.6%
30.7%
-0.5%
-4.2%
4.9%
$121.2CHASE -0.8%
$24.1BARCLAYS 10.5%
$11.2NAVY FCU 9.1%
$9.7TD 42.5%
$53.2AMEX 6.6%
During H1 2016, industry revolving balances expanded $22.9B at an average annual growth rate of 4.9% to reach $960.8B. Balances at Top Issuers increased by
$11.2B at an average annual growth rate of 3.7%. Significant share shifts in the 2015 – 2016 period included JetBlue (Amex to Barclays) and Costco (Amex to Citi).
BALANCES $B
$20.6US BANK -4.2%
For more information contact: Ali Raza, Principal, CCG Catalyst Consulting Group, araza@ccg-catalyst.com