4Q10 financial results for the leading bank card issuers showed that they are continuing to improve charge-off and delinquency rates. In fact, these rates are now beginning to return to normalized levels, which should mean that issuers will now turn attention to driving revenue growth, which has declined significantly over the past two years.
The following are 4Q10 charge-off rates for the leading U.S. bank card issuers (as reported in company financials):
| Issuer | 4Q10 Charge-Off Rate | Y/Y Change | Q/Q Change |
| SunTrust | 5.65% | -286 bps | -116 bps |
| U.S. Bank | 6.65% | -24 bps | -46 bps |
| PNC | 7.05% | -198 bps | +64 bps |
| Chase (legacy Chase) | 7.08% | -156 bps | -98 bps |
| Fifth Third | 7.12% | -169 bps | -56 bps |
| Capital One | 7.28% | -231 bps | -95 bps |
| Wells Fargo | 8.21% | -240 bps | -85 bps |
| Bank of America | 8.24% | -364 bps | -88 bps |
| Citi (Citi-Branded Cards-North America) |
8.80% |
– 50 bps | -102 bps |