Bank Card Default Rate Increased 17 Basis Points in April: Chart

The S&P/Experian Consumer Credit Default Index for bank cards showed a default rate increase of 17 basis points in April and a 60 basis points year-to-date rise. While the default rate at 3.09 percent is still quite low by historical standards, the 60 basis point change over four months is the largest increase in almost six years.

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