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ABA study: ‘Revolver’ card holders down, ‘transactors’ rise

Summary

Fewer cardholders carried balances, while more cardholders paid in full each month in the second quarter of 2014, the American Bankers Association found

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Fewer cardholders carried balances, while more cardholders paid in full each month in the second quarter of 2014, the American Bankers Association found.

“Transactors,” or cardholders who don’t carry a balance, were up 0.6 percent from the first quarter to the second quarter, while “revolvers,” or those who carry balances, were down 1.5 percent, dropping to an all-time low in their share of accounts. Dormant accounts rose, up by 0.8 percent.

Argus Information and Advisory Services provided the data, which came from industry databases and government sources. Keybridge LLC analyzed the data, which was released Dec. 16, 2014.

 

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