Late payments on credit card accounts rose slightly in the first quarter, but the percentage of dollars tied to these accounts dropped to a five-year low, according to the American Bankers Association's quarterly bulletin on consumer loan delinquencies.

In the quarter 3.28% of credit card accounts were 30 days or more overdue, the ABA reported. This was a slight increase from the 3.22% rate in the previous quarter but a substantial decline from the 3.58% of the year-earlier quarter.

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