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Event File FINTECH Federal Reserve (Fed)

US Top Banks’ Credit Card Delinquency Rate Edges Up to 2.5%

1 reports · First detected 2026-08-19 · Last active 2026-08-19

Credit card delinquency rates offer a key gauge of US household repayment stress and the quality of banks’ consumer loan portfolios. The latest reading points to a modest deterioration among the country’s largest lenders, but remains below pre-pandemic levels and does not yet signal a broad credit crisis. Tighter underwriting, however, could restrain access to revolving credit and weigh on consumer spending.

The average credit card delinquency rate across seven major US banks edged up to 2.50% in July, according to the latest report. Their average charge-off rate, which reflects debt deemed unlikely to be collected, declined to 3.28% over the same period. A Federal Reserve survey also showed banks tightened credit card lending standards in the second quarter, indicating continued caution over consumer credit risk.

All Coverage

1 original reports
PYMNTS.COM 2026-08-19
Credit Card Delinquencies Edge Up to 2.5% Across Top Banks

The Backstory

The history behind this event
U.S. Credit-Card Delinquencies Edge Up as Borrowing Reliance Grows2026-07-27 · 1 reports · similarity 0.89

Persistently high inflation and elevated household costs have pushed more U.S. consumers to use credit cards for everyday spending, making repayment trends a key gauge of both consumer resilience and bank asset quality. Seeking Alpha’s Credit Pulse tracks card performance across major U.S. banks. With consumer debt now above pre-pandemic levels, even small shifts in delinquency rates matter because they may signal that household financial buffers are thinning.

The latest Credit Pulse report showed the average credit-card delinquency rate at major U.S. banks edged up to 2.48% in June from 2.47% in May, an increase of 0.01 percentage point. Charge-off rates declined over the same period, offering some relief on realized losses. Still, the June uptick, combined with debt above pre-pandemic levels, points to gradually rising reliance on revolving credit as consumers navigate sustained price pressures.

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