Tag: bankcard

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Credit card debt reaches highest level since 2009...

Consumer credit card debt reached $650 billion in Q3 2015 — the highest level since Q4 2009....

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Average bankcard limit decreases...

While total limits on bankcard originations reached $81.8 billion in Q3 2015, the average limit per card decreased by 4% year over year ($4,715...

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Digitally savvy generation may not be so credit savvy...

According to a recent Experian analysis, millennials (ages 19–34) are now the largest segment of the U.S. population and are also the least credit savvy group....

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Survey reveals travel spending behavior...

According to a recent Experian survey, 68% of vacationers spend more money than expected when traveling, often relying on credit cards to make up the difference. Millennials rank even higher when it comes to risky vacation spending. One-third report they have not been saving up in advance of vacation,...

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Delinquencies move in the right direction as balances ...

According to a recent Experian analysis, bankcard balances increased 6% year over year to $629 billion in Q1 2015, while delinquencies remained low with 60–89 day-past-due delinquencies declining 8...

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Bankcard growth trend continues...

According to a recent Experian credit-trend analysis, bankcard originations for all of 2014 totaled $318.7 billion, a 20 percent increase over 2013 originations of $266.5 billion. The growth trend demonstrates the importance of staying abreast of the latest credit trends in order to adjust lending strategies and capitalize on...

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Surviving the season of giving without drowning in deb...

According to a new survey from Experian Consumer Services, consumers are anticipating spending more on gifts this holiday season than they did in 2013....

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Balance transfers: a profitable opportunity...

Card-to-card balance transfers represent a substantial profit opportunity for...

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Delinquencies fall as bankcard originations continue g...

While bankcard originations increased 26 percent year over year to $85.3 billion in Q2 2014, delinquencies continued their downward trend, reaching 0.47 percent of balances — an 8 percent decline year over y...

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