Proprietary Report with Analysis on Top 4 U.S. Credit Card Gross Dollar Volume.
U.S. Gross Dollar Volume (GDV) among the top four bank credit card issuers, rose an estimated 19.0% year-on-year (YOY) in the first quarter (1Q/17). The strong growth was driven by Citibank and its Costco portfolio acquired from American Express early last year, according to CardData.
The top four U.S. issuers racked up an estimated $351.3 billon in GDV for 1Q/17, compared to $381.7 billion in 4Q/16 and $295.2 billion in 1Q/16.
Chase U.S. GDV rose . . . .