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% |