Delinquencies on bank credit cards have risen to a new high, the American Bankers Association said Thursday.

The association's report on consumer credit quality for yearend 1996 showed 3.75% of bank card accounts were at least 30 days past due. That surpassed the record of 3.72% set six months earlier.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.