--- title: "Charge-Off Rate on Credit Card Loans" slug: charge-off-rate-on-credit-card-loans summary: "Credit card charge-off rate held at 3.8% in Q2 2026" category: "Debt" unit: percent frequency: quarterly direction: higher_is_worse latest_value: 3.82 latest_period: "2026-Q2" trend: stable last_updated: "2026-08-26T00:00:00Z" source: "Board of Governors of the Federal Reserve System data retrieved via FRED" source_url: https://fred.stlouisfed.org/series/CORCCACBS canonical_html: https://americandefault.org/indicators/charge-off-rate-on-credit-card-loans/ citation_apa: "Kilburn, R. (2026). Charge-Off Rate on Credit Card Loans [Data set]. American Default Research. https://americandefault.org/indicators/charge-off-rate-on-credit-card-loans/" citation_chicago: "Kilburn, Ross. 2026. \"Charge-Off Rate on Credit Card Loans.\" American Default Research. https://americandefault.org/indicators/charge-off-rate-on-credit-card-loans/." citation_mla: "Kilburn, Ross. \"Charge-Off Rate on Credit Card Loans.\" American Default Research, 2026, americandefault.org/indicators/charge-off-rate-on-credit-card-loans/." --- # Charge-Off Rate on Credit Card Loans > Credit card charge-off rate held at 3.8% in Q2 2026 ## Current Reading As of 2026-Q2, Charge-Off Rate on Credit Card Loans is **3.82%** (stable). annualized net charge-off rate on bank card balances — down from a year earlier ## What Changed - The annualized credit card charge-off rate held at 3.8% in Q2 2026, the same as in Q1 2026. - Lower than a year earlier, when it was 4.2%. - The lowest rate since Q3 2023. ## Recent Values | Period | Value | |--------|-------| | 2026-Q2 | 3.82% | | 2026-Q1 | 3.82% | | 2025-Q4 | 4.09% | | 2025-Q3 | 4.18% | | 2025-Q2 | 4.19% | | 2025-Q1 | 4.44% | | 2024-Q4 | 4.57% | | 2024-Q3 | 4.69% | | 2024-Q2 | 4.56% | | 2024-Q1 | 4.4% | | 2023-Q4 | 4.18% | | 2023-Q3 | 3.76% | ## Historical Context This series is not comparable end to end, so no all-time extreme or long-run average is published for it. The source changed what it measures on the following date(s): - Q1 2001: Readings before the March 2001 Call Report are partly estimated by the Federal Reserve rather than reported in full detail. Smaller banks filed the FFIEC 033 and 034 forms and could report charged-off and delinquent loans under their own loan classifications instead of the regulatory ones, so the Federal Reserve adjusted and allocated those amounts to the published loan categories using estimated ratios that differed by loan category. The Board states that from the March 2001 Call Report the detail reported by all banks eliminated the need for those procedures. In February 2017 it updated the models used to estimate data not reported by small banks that filed the FFIEC 034 form and revised the pre-2001 rates for several series, so values on that side of the boundary have already moved once without any new bank report. Source: https://www.federalreserve.gov/releases/chargeoff/about.htm - Q1 2010: From the first quarter of 2010, credit card rates cover loans that banks had securitized and previously kept off their balance sheets. Accounting standards FAS 166 and 167 required banks to bring those loans back on, and the Board states the change is reflected in the 2010-Q1 Call Reports; one large credit card bank made the move in the fourth quarter of 2009. The Board's H.8 notes put the credit card and other revolving loans consolidated by domestically chartered commercial banks at about $335 billion as of March 31, 2010. Rates from 2010 on are measured over a different pool of loans than earlier readings. Source: https://www.federalreserve.gov/Pubs/Bulletin/2010/articles/profit/default.htm Compare readings only within a single segment. Subtracting across one of these dates measures the change in method, not in household conditions. ## Methodology This indicator carries quarterly observations and is interpreted as higher values indicate worse household conditions. Source: Board of Governors of the Federal Reserve System data retrieved via FRED. Automation: collected automatically on the daily refresh pipeline, with no hand entry. ## Source Board of Governors of the Federal Reserve System data retrieved via FRED — [https://fred.stlouisfed.org/series/CORCCACBS](https://fred.stlouisfed.org/series/CORCCACBS) Data retrieved: 2026-08-26T00:00:00Z ## Related Indicators - [charge-off-rate-on-all-loans](https://americandefault.org/indicators/charge-off-rate-on-all-loans/) - [the-late-fee](https://americandefault.org/indicators/the-late-fee/) ## Machine-Readable Endpoints - HTML page: https://americandefault.org/indicators/charge-off-rate-on-credit-card-loans/ - JSON: https://americandefault.org/api/indicators/charge-off-rate-on-credit-card-loans.json - CSV: https://americandefault.org/api/downloads/charge-off-rate-on-credit-card-loans.csv - BibTeX: https://americandefault.org/citations/charge-off-rate-on-credit-card-loans.bib - RIS: https://americandefault.org/citations/charge-off-rate-on-credit-card-loans.ris ## Citation **APA 7th** Kilburn, R. (2026). Charge-Off Rate on Credit Card Loans [Data set]. American Default Research. https://americandefault.org/indicators/charge-off-rate-on-credit-card-loans/ **Chicago (author-date)** Kilburn, Ross. 2026. "Charge-Off Rate on Credit Card Loans." American Default Research. https://americandefault.org/indicators/charge-off-rate-on-credit-card-loans/. **MLA 9th** Kilburn, Ross. "Charge-Off Rate on Credit Card Loans." American Default Research, 2026, americandefault.org/indicators/charge-off-rate-on-credit-card-loans/. Use **American Default Research** as the institutional name in source lists, bibliographies, and press citations. **American Default** is the brand and URL form. **American Distress Index (ADI)** is the product name for the national composite score.