90+ Day Card Delinquency

Second-Quarter 90+ Card Delinquency Edges Down Still at Record Highs

Second-quarter 90+ card delinquency declined for three top credit card issuers reporting thus far. Chase dropped 10 bps (basis points), Bank of America declined 8 bps and Citibank slipped 7 bps in the second-quarter (2Q/19) compared to the prior quarter for late stage (90+ days) delinquency. Historically, delinquency ratios decline in the second-quarter as the…