Credit Card Industry News – 2017

Card Profitability Current Trends (2017)

Total Income Operating Exp. Charge-offs Cost of Funds Net Pre-tax Income
17.40% 6.90% 3.95% 2.10% 4.45%

 

Credit Card Industry Profits (ROA% 2017)

Regular Cards 4.10% (Lower lines, Higher APR’s)
Gold Cards 4.45% (Higher lines, Lower APR’s)
Platinum Cards 4.50% (Highest lines, Lowest APR’s)
Industry Average 4.45%

 

Card Portfolio Sale Prices (2017)

Range of Est. Premiums Average Premium # of Deals Assets Sold
15.50% – 17.95% 16.40% 5 $7.0 Billion