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Major Banks’ Credit Card Charge Off and Delinquency Rates Unchanged in November

by Patrick Lunsford – insideARM.com – December 16, 2011

The average charge-off and delinquency rates among five of the largest U.S. credit card issuers was unchanged in November, according to documents filed Thursday with the SEC.

There was a little movement individually in the performance reports of the master credit card trusts of Bank of America, Capital One, Chase, Citi, and Discover. But the small changes cancelled out and the averages among the banks remained unchanged in November compared to October.

The average credit card net chargeoff rate among the five was 4.51 percent, down from 8.08 percent a year ago.


Meanwhile, the average delinquency rate among credit cards was 3.14 percent, also unchanged from October, but down from 4.53 percent in November 2010.

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This entry was posted on Monday, December 19th, 2011 at 3:14 pm and is filed under Credit Card Debt Relief, Credit Cards, consumer credit, debt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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