Data Snapshot: Credit Card Receivables

Credit card receivables have declined since the onset of the pandemic, signaling consumers’ debt paydowns and spending reductions. According to Auriemma Roundtables Card Collections data, receivables tumbled 8% between Q1 and Q2 in 2020, and fell another 2% in Q3. For credit card issuers, this translates to reductions in interest/interchange-related revenue. All eyes will be on the holiday season for signs of increased consumer spend.