Despite relatively low delinquency rates at some major banks, some Americans may be facing more financial stress than these numbers show.
JPMorgan Chase, Bank of America, and Wells Fargo all reported Q2 2026 credit card delinquencies in the low single digits, with Chase and Bank of America even reporting declines from the previous year. However, the Federal Reserve reported that 12.92% of credit card balances were 90+ days delinquent as of Q2 2026. So, who’s right?
It depends on how you measure the data. Banks tend to write off delinquent accounts once they’ve deemed them uncollectible, while the Federal Reserve continues to track delinquent accounts.
Below, we dive further into why this delinquency gap exists and some everyday tools you…