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NEW YORK — The nation’s top six credit-card companies all say their customers’ payment habits improved in March, a positive sign for the industry in a month that has proved volatile in the past few years.
Defaults and late payments are down for Chase, Bank of America, Citibank, Capital One, Discover and American Express. Overall, delinquency and charge-offs, as they’re called in the industry, are at the lowest point since mid-2008.
The drop in late payments is a particularly good sign because in the past two years, there was an uptick in March as card users fumbled with post-holiday payments.
