What's in Your Wallet - Delinquent Capital One Credit Card

Capital One charge-offs spiked to 9.3% this month, up 1% from last month. 1% is truly horrendous, but I wouldn't rush to extrapolating to other issuers - COF, vs AXP for example, is much more reliant on 0% ARPs, which once they roll-off from their grace period may turn into delinquents - potentially causing the increase.