The recession has played havoc with the credit card portfolios of the major bank card issuers.

As the U.S. economy deteriorated, credit card delinquencies skyrocketed and writeoff rates for some of the largest portfolios more than doubled, to 6% or 7% of credit card outstandings. Some have hit double-digit levels.

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.