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Credit card delinquencies decline in Q4 2014 as spend level increases

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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