The delinquency rate on bank credit cards dipped in the fourth quarter of 1997 to its lowest level since 1994, according to the American Bankers Association.

Of total card accounts at banks responding to the latest ABA survey, 3.04% were at least 30 days past due. That was down from 3.53% in the third quarter, and 3.72% in the fourth quarter of 1996, which was the record high.

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