Charge-offs among the nation’s top 4 issuers dropped 27 basis points (bps) year-on-year (YOY) to 2.97%, and 6 bps sequentially. Bank of America (BofA) has done the best job of reigning in card losses, dropping 43 bps YOY.
CAPITAL ONE CHARGE-OFFS
Source: Chase; Bank of America; Capital One; Citibank: CardData
For data, background and forecasts on U.S. Credit Card Charge-Offs: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).