The U.S. bank card default rate was lower for the fifth consecutive month and was 5 basis points lower than last month at 0.82%, according to S&P/Experian Consumer Credit Default Indices.

The indices, which track changes in consumer credit defaults, indicated that the bank card default rate dropped 38 basis points to 3.14%. Also, the auto loan default rate decreased 8 basis points to 0.89%, while the first mortgage default rate was down 2 basis points to 0.63%.

S&P Dow Jones Indices and S&P Global Market Intelligence are both owned by S&P Global Inc.