Early stage delinquency (30+ days) among the nation’s top 6 issuers is likely to remain flat in the third quarter at 1.63% projects RAM Research. In the second quarter delinquency edged down by 11 basis points (bps) sequentially down 10 bps year-on-year (YOY), on average, among the nation’s top six U.S. credit card issuers, according to CardData.
Every one of the top six realized lower delinquency in the second quarter, compared to the prior quarter, according to CardData.
Among the top six issuers the average 30+ delinquency rate for the second quarter was 1.63%, compared to 1.74% in Q1/15 and 1.73% in the year ago quarter.
CHASE 30+ DELINQUENCY
BOFA 30+ DELINQUENCY
CAPITAL ONE 30+ DELINQUENCY
CITIBANK 30+ DELINQUENCY
AMERICAN EXPRESS 30+ DELINQUENCY
DISCOVER 30+ DELINQUENCY
Source: Chase; Bank of America; Capital One; Citibank; American Express; Discover; CardData
For data, background and forecasts on U.S. Credit Card Delinquency: 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).