Credit Card Charge-Offs

Credit Card Charge-Offs Among Big 6 Decline Moderately

Credit card charge-offs among the nation’s top 6 issuers rose 9 basis points (bps) year-on-year (YOY) to 3.25% for the third quarter (3Q/18), but down 22 bps sequentially, according to CardData. The Big 6 (Chase, Bank of America, Capital One, Citibank, American, Express, Discover) reported an aggregate charge-off ratio of 3.25% for 3Q/18, compared to…