ABA Report: Credit Card Market Growth Continues in Fourth Quarter
April 27, 2017
April 27, 2017
WASHINGTON, April 27 -- The American Bankers Association issued the following news release:
The credit card market continued to expand in last year's fourth quarter, with a solidifying labor market and rising wages driving steady year-over-year growth in monthly purchase volumes, according to the American Bankers Association's latest Credit Card Market Monitor. The gains occurred across subprime (up 5.1 percent), prime (up 8.5 percent), and super-prime (up 9.7 percent) risk tiers. . . .
The credit card market continued to expand in last year's fourth quarter, with a solidifying labor market and rising wages driving steady year-over-year growth in monthly purchase volumes, according to the American Bankers Association's latest Credit Card Market Monitor. The gains occurred across subprime (up 5.1 percent), prime (up 8.5 percent), and super-prime (up 9.7 percent) risk tiers. . . .