NEW YORK—Citigroup and American Express have released statistics on their August delinquencies in credit card payments.
Citi’s delinquencies improved while American Express held steady.
Citi’s delinquency rate of 0.8% in August was an improvement from 0.87% in July.
It was also below the three-month average of 0.86%, Pymnts.com reported.
American Express, meanwhile, had an August delinquency rate of 0.6%, which was unchanged from June and July. It was also far below the August 2020 delinquency rate of 1.2%, Pymnts.com noted.