Although they remain significantly higher than the rates atcredit unions, delinquency rates at big bank card issuers are stillfalling, according to industry analysts at SNL Financial.
|The lowest rate remained at American Express, which saw itsdelinquency rate remain at 1.31% while Discover's delinquency rateslid from 1.93% to 1.88%.
|Big bank issuer Bank of America saw its rate move from 3.32% to3.23%, while JP Morgan Chase's rate slipped from 2.09% to 2.06% andCitigroup's moved down to 2.44% from 2.55%.
|Charge off rates at the largest issuers also fell, the firm reported.
|Analysts attributed the drop to continuing improvement in creditcard credit quality.
|By comparison, at the end of last year card delinquency atcredit unions nationwide averaged 1.15%, according to the creditunion consultancy Callahan and Associates.
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