Year-End Credit Card Industry News

Card Profitability Current Trends (2020)

Total Income Operating Exp. Charge-offs Cost of Funds Net Pre-tax Income
17.60% 7.00% 6.20% 2.30% 2.10%

 

Credit Card Industry Profits (ROA% 2020)

Regular Cards 2.00% (Lower lines, Higher APR’s)
Gold Cards 2.10% (Higher lines, Lower APR’s)
Platinum Cards 2.30% (Highest lines, Lowest APR’s)
Industry Average 2.10%