Bank of America reported this morning that managed credit card revenue increased 16.8% to $975 million for the fourth quarter with net pre-tax credit card income of $355 million. Over the past twelve months BofA’s credit card outstandings have grown 8.4%, from $27.2 billion to $29.5 billion. The nation’s 8th largest bank credit card issuer also reported a decline in net charge-offs, as a percentage of average managed loans, of 14 basis points. However charge-offs are up 9 basis points to 4.99% compared to one year ago. Delinquency rates for the fourth quarter increased since the previous quarter, but remain below year ago levels. The 30+ day managed delinquency rate for 4Q/02 was 3.94% compared to 3.63% for the third quarter, and 4.12% one year ago. The 90+ day managed delinquency rate was 1.71% compared to 1.66% in the previous quarter, and 1.75% for 4Q/01. For complete details on BofA’s latest performance, plus historical portfolio information visit CardData ([www.carddata.com]).