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ABA-Report: Credit Card Purchase Volume Increases Sharply in Second Quarter.

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ENPNewswire-November 24, 2021--ABA-Report: Credit Card Purchase Volume Increases Sharply in Second Quarter

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Release date- 23112021 - Credit card monthly purchase volumes increased sharply in the second quarter compared to the first quarter of 2021, surpassing pre-pandemic numbers, according to the American Bankers Association's latest Credit Card Market Monitor released today.

Purchase volumes rose 13.7% for super-prime accounts in the second quarter from the last quarter, 15.5% for prime accounts and 16.6% for subprime accounts.

The share of account holders who paid their balance in full (transactors) each month increased 2.2 percentage points to 36.6%, a record high. The share of account holders carrying a monthly balance (revolvers) declined 2 percentage points to 38.5%, a record low. Meanwhile, credit card debt as a share of disposable income increased 45 basis points to 4.42%, after hitting a record-low in the first quarter.

'Overall, consumer financial health...

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