Credit card delinquencies inched up at most of the Big Six issuers in January. Chargeoff rates generally fell, however, and card portfolios appear likely to extend a streak of strong credit performance in the months ahead.
Both moves were consonant with seasonal patterns, with the increase in loans written off as uncollectible echoing a slight rise in delinquencies in the autumn and the uptick in delinquency rates reflecting smaller denominators as cardholders paid off holiday bills. (Data for the nation’s largest issuers is shown in the following graphic. Interactive controls are described in the captions. Text continues below.)