It’s back… Bankcard Growth

Thanks to financial institutions returning to middle credit score tiers to farm new cardholders, bankcard origination limits increased 29 percent year over year, according to new stats from Experian.  Q3 2013 reached $73.2 billion, attributed primarily to growth in the prime, near-prime and sub-prime consumer credit segments.

Experian reports bankcard charge-offs decreased 16 percent year over year, providing evidence of further support of a continued and stable growth trends.