Article

Store Cards in the U.S. 2015

Outstandings on private label store credit cards reached $107.17 billion at year-end 2015, up 9.0% over the prior year. Third-party specialist retail store card issuers owned 94.87% of those receivables, up from 93.41% in 2014. The remaining 5.13% of outstandings were owned by retailers that operated their own portfolios, keeping card receivables on their balance sheets. For the fourth year in a row, store card outstandings grew faster than outstandings tied to American Express, Discover, MasterCard, and Visa credit cards. General purpose card outstandings reached $800.87 billion at year...

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June 2016
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