We recently issued our Q4 2014 Experian-Oliver Wyman Market Intelligence Report that coversconsumer economic trends and foundthat overall bankcard delinquencies (60 days past due (DPD) and greater) came in at a low 1.79% for Q4 2014. It is interesting to note the disparity when analyzing delinquency by annual spend level. Those spending $100,000 or more per year on credit cards had the lowest delinquency rate at 0.43%, while those spending $5,000 or less annually had the highest delinquency rate at 3.58%.
Percent of balances 60+ DPD delinquent by annual credit card spend level*
|
$100,000+ |
0.43% |
|
$50,001—$100,000 |
0.51% |
|
$25,001—$50,000 |
0.75% |
|
$10,001—$25,000 |
1.23% |
|
$5,001—$10,000 |
1.87% |
|
<= $5,000 |
3.58% |
|
Overall |
1.79% |
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