Tassii
JPMorgan Chase (NYSE:JPM) credit card trust’s net charge-off rate declined in July, while its delinquency rate ticked up and its lending activity remained roughly unchanged during the month, according to a filing on Friday.
Chase Issuance Trust delinquency rate ticked up to 0.86% in July from 0.84% in June. The level is still below its pre-pandemic level of 1.15% in July 2019.
Its net charge-off rate of 1.54% dropped from 1.69% in June and 2.21% six years ago.
Principal receivables outstanding were little changed at $12.36B at the end of July vs. $12.39B at the beginning of the month, according to the filing.