The credit card delinquency rate (the ratio of borrowers 90 days or more delinquent on their general purpose credit cards) dropped on a yearly basis from 1.61 percent in Q4 2012 to 1.48 percent in Q4 2013. Average credit card debt per borrower, a sign that consumers continue to deleverage, also declined from $5,376 in Q4 2012 to $5,325 in Q4 2013.

On a quarterly basis, both the credit card delinquency rate (up from 1.36 percent in Q3 2013) and credit card debt (up from $5,235 in Q3 2013) increased because of seasonality associated with holiday shopping.

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