JPM · 10-Q · 2026Q2 · Full report

Credit Card Portfolio

JPMORGAN CHASE & CO · 2026-08-06 · Importance 49 · Surprise 32 · In source text

Credit card exposure increased to $1,474.3 billion at June 30, 2026 from $1,425.6 billion at December 31, 2025, including retained loans of $249.9 billion. Credit card loan growth reflected new accounts, partly offset by seasonally higher balances at year-end. The 30-plus-day delinquency rate declined to 1.91% from 2.16%, and the 90-plus-day rate declined to 1.00% from 1.10%, indicating improved credit performance. Credit card net charge-offs increased to $2.0 billion in the second quarter from $1.9 billion, while the charge-off rate decreased to 3.33% from 3.40% as average retained loans increased to $243.6 billion.

Key facts

• Total credit card exposure including lending-related commitments at June 30, 2026: $1,474,307 million; at December 31, 2025: $1,425,563 million. source
• Outlook guidance provided on July 14, 2026: management expects the net charge-off rate in Card Services for full-year 2026 to be approximately 3.2% source
• Total credit card loans retained at June 30, 2026: $249,876 million; at December 31, 2025: $247,797 million. source
• Card Services loans (period-end) at June 30, 2026: $249,816 million. source
• Credit card - retained net charge-offs for the three months ended June 30, 2026: $2,024 million; average loans retained: $243,572; net charge-off rate: 3.33%. source
• CCB: Average loans up 2% YoY and up 1% QoQ; Card Services net charge-off rate of 3.34% (Q2 2026) source
• The credit card rewards liability was $16.6 billion at June 30, 2026 and $16.0 billion at December 31, 2025. source
• Credit card 30+ day delinquency rate at June 30, 2026: 1.91%; 90+ day delinquency rate at June 30, 2026: 1.00%; December 31, 2025 30+ and 90+ rates: 2.16% and 1.10%, respectively. source

Impact estimates