Credit Card Profitability
Posted: 20 Sep 2022
Date Written: September 1, 2022
Abstract
Credit cards are one of the most ubiquitous consumer financial products in the United States, with more than 75 percent of households owning at least one general purpose credit card in 2019. According to the G.19 Consumer Credit Statistical release, revolving consumer credit, which mainly consists of credit cards and related plans, stood at over one trillion dollars at the end of 2021.
Suggested Citation: Suggested Citation
Adams, Robert M. and Bord, Vitaly and Katcher, Bradley, Credit Card Profitability (September 1, 2022). FEDS Notes No. 2022-09-09, Available at SSRN: https://ssrn.com/abstract=4223950 or http://dx.doi.org/10.17016/2380-7172.3100
Robert M. Adams (Contact Author)
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-452-2653 (Phone)
Vitaly Bord
Federal Reserve Board ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
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