JPMorgan Chase (NYSE:JPM) credit card trust’s delinquency rate slipped in August, while its net charge-off rate perked up, according to a filing on Monday.
The Chase Issuance Trust delinquency rate of 0.83% fell from 0.86% in July and 0.84% in August 2024. It’s down from the pre-pandemic mark of 1.14% in August 2019.
The net charge-off rate, meanwhile, rose to 1.78% in August from 1.54% in July and 1.64% a year ago. That compares with 2.45% six years earlier.
Principal receivables ended the month at $12.39B vs. the $12.36B beginning balance, the U.S. Securities and Exchange Commission filing showed.