The modest gains pale in comparison to the double digit gains of prior years. Bank of America, Chase and Citibank reported outstandings of $460.9 billion for 2Q/08, compared to $454.6 billion for 2Q/07, according to CardData.
The top three also posted purchase volume of $238.4 billion for 2Q/08, compared to $232.8 billion one-year ago. BofA reported purchase volume for U.S. consumer and business cards of $61.0 billion for 2Q/08, compared to $56.8 billion for 1Q/08 and $61.3 for 2Q/07. Chase posted second quarter charge volume of $93.6 billion an increase of 6% from 2Q/07. Citi reported that purchase volume for North American cards was flat at $83.8 billion, compared to $83.5 billion for 2Q/07.
For the latest issuer statistics for the second quarter visit CardData (http://www.carddata.com/).