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About LinkBacksAccording 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?
Thread: Amex & Cap One Defaults Rise
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Centurion Member & Moderator
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Amex & Cap One Defaults Rise
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. 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: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Citi Thank You Premier
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How the heck did Amex end up with a default rate higher than Crap One?
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I believe that Crap One has a larger amount of their CC Holders than Amex does so 5% of 10 Million are still more than 8% of 1 Million. I hate Crap One so I canceled my Crap One over a year ago while I love Amex
Originally Posted by AnthonyBarone
.... and I am not going to cancel them
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955
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Centurion Member & Moderator
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I haven't heard much in the financial news about Crap One lately. How is it that they are still holding up okay when they have the riskiest lenders? You don't hear much about them having problems.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. 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: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Citi Thank You Premier
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