Credit Card Volume for Top U.S. Issuers Erode in Q3

The Major 4 payment networks posted an 8.2% YOY increase in the third-quarter U.S. credit card GDV, compared to an 8.1% YOY gain in 2Q/18, and a 10.0% YOY increase in 3Q/18. The four-year current CAGR (compound annual growth rate) for the Major 4 credit card GDV is running at 8.56%, compared to 8.64% in the prior quarter. On an annual or YOY basis, Mastercard led the Major 4 in U.S. credit card GDV, as the only payments network posting a double-digit gain. On a CAGR basis, Visa is the . . . .

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See Also: Visa, Mastercard, American Express, Discover, GDV, PDV, volume, Citibank, credit cards, debit cards

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