United States Credit Card Databook 2019: Credit Card Portfolio Volumes, Household Debt, and Open Accounts, Projects Credit Risk and Revenue Results into the Next Decade

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Mar 19, 2019, 10:00 ET

DUBLIN, March 19, 2019 /PRNewswire/ -- The "2019 Credit Card Data Book: Key Indicators of a Slowing Market" report has been added to ResearchAndMarkets.com's offering.

The 2019 Credit Card Data Book, the latest edition of the annual compilation of 12 essential credit card metrics has been released. The report, which provides a view of credit card portfolio volumes, household debt, and open accounts, projects credit risk and revenue results into the next decade.

Readers will get a deeper understanding of credit risk in this year's report along with a detailed explanation of how the credit card delinquency process works. Early and late delinquencies have a direct impact on credit card profitability, which is expressed through the return on assets (ROA) metric. In the United States, credit card ROA has been steadily falling from the 4.94% achieved in 2014. In this report, the author projects 2.4% ROA for 2020.

As 2019 begins, card issuers need to be planning for 2020 and should expect slower growth, slimmer profits, and tighter lending, commented the author of the research report. Pay attention to how top issuers are keeping their portfolios in check, as issuers outside of the top 100 are seeing severe risk. In 2018, top issuers experienced credit losses of 3.81% of their receivables while those outside of the top 100 saw their rates surge to 7.92%. If this persists, some market consolidation is likely, Riley continued.

Highlights of the research report include:

Revolving debt forecasted through 2022
Projected U.S. household debt through 2021
Anticipated U.S. credit card account growth through 2022
New, early, and late delinquency volumes through 2020
Prime lending rates, new accounts, and disposable household budgets through 2020

Key Topics Covered:

Executive Summary

Introduction

Credit Card Portfolios: Measuring Consumer Credit

Revolving Debt in the United States
Competing for Share of Consumers' Borrowing Capacity
Account Growth Will Slow

Credit Risk

The Credit Card Aging Process
Early Credit Card Delinquency Is Stabilizing
Stabilization Spreads Across Loan Types
The Flow Toward Write-off Slows, but Loss Rate Varies Widely Among Issuers

Credit Card Dynamics

Return on Assets (ROA)
New Account Trends: Consumer Demand vs. Credit Policy
Credit Card Contingent Liability on Course for a New Peak

External Factors

Record Low Unemployment Rate
The Prime Interest Rate Will Likely Rise
The Household Budget

Conclusions

Endnotes

Companies Mentioned

Bank of America
Chase
Citi
FICO

For more information about this report visit https://www.researchandmarkets.com/research/r4k9xh/united_states?w=5

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SOURCE Research and Markets