Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
According to a couple Reuters press releases that came out today, the latest report default rates (for the month of March) raised slightly at both American Express and Capital One. At Amex it rose from 8.6% to 8.8%. But it sounds like they are slowing because the rate of accounts 30 days late actually decreased from 5.3% to 5.1%. Does that mean we have seen the worst of it?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred