Year-End Credit Card Industry News

Card Profitability Current Trends (2024)

Total Income Operating Exp. Charge-offs Cost of Funds Net Pre-tax Income
19.25% 6.90% 4.10% 4.00% 4.25%

 

Credit Card Industry Profits (ROA% 2024)

Regular Cards 4.20% (Lower lines, Higher APR’s)
Gold Cards 4.25% (Higher lines, Lower APR’s)
Platinum Cards 4.30% (Highest lines, Lowest APR’s)
Industry Average 4.25%