Credit Card Delinquencies Creep Up to 2.6% Among Major Issuers
By PYMNTS
AI summary of the source article
Credit card delinquencies increased in September while net charge-offs decreased, according to Seeking Alpha’s Credit Pulse released on October 22. The report monitors rates across seven major credit card issuers.
Key facts
- Credit card delinquencies rose in September, while net charge-offs declined.
- Seeking Alpha's Credit Pulse report was released on Thursday, October 22.
- The report tracks seven major issuers: American Express, Bank of America, Bread Financial, Capital One, Citigroup, JPMorgan, and Synchrony.
Source excerpt · PYMNTS
Credit card delinquencies crept up in September, while net charge-offs declined, according to the latest edition of Seeking Alpha’s Credit Pulse, released Thursday (Oct. 22). This report tracks monthly delinquency and charge-off rates at seven major credit card issuers, including American Express, Bank of America, Bread Financial, Capital One, Citigroup, JPMorgan and Synchrony. The September repor…