An analysis of bankcard trends from the second quarter ended June 30 showed a 21% year-over-year increase in bankcard origination volumes, equating to a $12 billion increase in new bankcard limits issued. Other insights, from the review conducted by Experian, show record lows in early-stage bankcard delinquencies.

"Bankcard originations continue to track with the recovery in terms of steady growth," said Linda Haran, senior director of product management and strategy for Experian Decision Analytics. "While we may never hit the volumes we saw in 2007, the consistent growth rates that we are currently seeing in bankcard originations signal that the market is coming back online."

The year-over-year growth in originations in looking at bankcard originations by Experian VantageScore, largely has been driven by the prime and near-prime segments - making up almost the entire $12 billion increase in new credit limit dollars originated. The trend points to the fact that prime and near-prime consumers are accepting the offers being extended to them and that lenders are continuing to lend a little deeper to drive bankcard growth.

"Equally important is that prime and near-prime bankcard utilization rates are not as high as they were a year ago," said Haran. "This is a positive trend, because it shows that despite an increase in new bankcard users, consumers are managing their credit wisely."

The analysis of bankcard delinquency and overall risk exposure also supports the steady recovery of the bankcard market. Chargeoff rates are down, to an annualized rate of 3.9%, with early-stage delinquencies coming in at historic lows of 0.9% of balances for the quarter. Also, total risk exposure has dropped $3 billion from the previous quarter in 2013.

The trends are a good sign for overall economic recovery and evidence that the post-recession growth in the bankcard market is not coming at the expense of increased delinquencies, according to Experian.

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