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Delinquencies, charge-offs mixed at US card issuers in August

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Delinquencies, charge-offs mixed at US card issuers in August

Major U.S. credit card issuers posted mixed month-over-month results in August.

Average delinquencies among master trust portfolios at six large card issuers — American Express Co., Bank of America Corp., Capital One Financial Corp., Citigroup Inc., Discover Financial Services and JPMorgan Chase & Co. — fell 1 basis point month over month to 1.43% in August. Meanwhile, the average net charge-off ratio increased 8 basis points month over month to 2.30%.

The group's average trust portfolio loan yield dropped 66 basis points month over month to 20.16% in August.

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Click here for the underlying data for credit card master trust yields, net charge-offs, and delinquencies.