Year-End Credit Card Industry News

Card Profitability Current Trends (2023)

Total Income Operating Exp. Charge-offs Cost of Funds Net Pre-tax Income
18.55% 7.00% 3.31% 4.02% 4.22%

 

Credit Card Industry Profits (ROA% 2023)

Regular Cards 4.18% (Lower lines, Higher APR’s)
Gold Cards 4.22% (Higher lines, Lower APR’s)
Platinum Cards 4.25% (Highest lines, Lowest APR’s)
Industry Average 4.22%