Decline in JPMorgan Chase Net Charge-Off Rate for Credit Cards in April
Rewritten Article:
Chase's credit card master trust retains one of the industry's lowest delinquency rates, as per data recently disclosed by JPMorgan Chase (NYSE:JPM). Notably, the net charge-off rate has taken a notable dive compared to previous periods, with both figures resting below pre-pandemic levels.
The Chase Issuance Trust, their credit card arm, has managed to maintain this impressive standing. The delinquency rate for April 2025 stands at 0.89%, which is a slight uptick from March and a tad higher than the 0.81% recorded in April 2024. Yet, the specifics of the net charge-off rate for the same period aren't explicitly detailed in the provided data.
For context, JPMorgan Chase reported a first-quarter 2025 delinquency rate of 2.21% for 30+ day delinquencies and 1.16% for 90+ day delinquencies. In terms of industry standards, JPMorgan Chase's credit card delinquency rates tend to be lower than those of other financial instruments, and they dip below pre-pandemic levels.
To give a broader perspective, the U.S. credit card delinquency rate hovered around 9.0% as of late 2024. After the pandemic, the financial sector has seen a fair amount of fluctuation in delinquency rates, with some segments, like mortgages, holding fairly steady at roughly 3.6%.
In sum, JPMorgan Chase's credit card delinquency and net charge-off rates suggest a robust credit quality within the trust, surpassing industry averages and staying below pre-pandemic thresholds.
- The impressive credit quality within Chase's credit card arm, as indicated by the low delinquency and net charge-off rates, is considered significant in the realm of personal-finance and business sectors.
- Despite an incremental increase in delinquency rate compared to previous years, the business of personal-finance at JPMorgan Chase continues to outperform industry standards, with their rates remaining below pre-pandemic levels.
