Overview

This report is the second part of a two-part annual series called the Credit Card Databook. The report explores profitability, credit risk, and portfolio dynamics to understand the market for issuers and the challenges they may face in 2023. The goal is to provide recommendations to help financial organizations strategize for the current and upcoming credit card market in the United States. Unfavorable economic conditions loom, and issuers must prepare themselves to weather the storm.

Key Questions discussed in this report: 

  • How have credit card portfolios performed over the past year?
  • What will the conditions be for the credit card market in 2023?
  • What strategies should issuers follow to prepare for a potential economic downturn in 2023?

Companies mentioned:

Board of Governors of the Federal Reserve System New York Fed, Philadelphia Fed, St. Louis Fed, FDIC, Equifax, Transunion, Mastercard, Visa, FICO, Goldman Sachs, JP Morgan Chase, U.S. Bureau of Labor Statistics, World Bank

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