BANGALORE (Reuters) - Credit card delinquencies at Bank of America , Capital One Financial and Discover Financial Services fell in August, but charge-offs rose marginally, signaling that more Americans may still be struggling to repay debts.
Credit card charge-offs -- debts a company believes it will never collect -- at Bank of America increased to 11.73 percent in August, from 11.39 percent in July.
Delinquency rate -- an indicator of future loan losses - stood at 5.68 percent for August, a decline from 5.92 percent, the biggest U.S. bank by assets said.
Capital One, the third-largest U.S. issuer of Visa-branded credit cards and the fifth-largest issuer of MasterCard-branded credit cards, said annualized net charge-offs rate for U.S. credit cards was 8.19 percent in August, compared with 8.13 percent in July.
Discover Financial, the sixth largest U.S. credit card issuer, said credit card charge-off rate was 7.98 percent in August, compared with 7.28 pct in July.
Delinquency rate was 4.47 percent, down from 4.72 percent in July, Discover said in a regulatory filing.
Delinquencies, an early warning sign of future losses, have fallen at most lenders since the start of the year.
JPMorgan Chase & Co
(Reporting by Brenton Cordeiro in Bangalore; Editing by Vinu Pilakkott)
