After a marked improvement in the first quarter, the credit card delinquency rate shot back up in the second quarter to just 3 basis points short of the record high, the American Bankers Association said Wednesday.

On June 30, 3.69% of card accounts at member banks in the ABA survey were at least 30 days past due. That compared with 3.51% in the first quarter, the 3.72% record set at the end of last year, and 3.66% in the second quarter of 1996.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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