Capital One reports September domestic credit card net charge-off rate of 3.66%
COF•Capital One reported $787 million in September domestic credit card net charge-offs, a 3.66% rate. Auto loan net charge-offs were $125 million, or 1.62%.
1. Credit card metrics
Domestic credit card loans at least 30 days delinquent totaled $9.74 billion, a 3.74% delinquency rate.
2. Auto loan metrics
Auto loans at least 30 days delinquent reached $4.31 billion, a 4.64% rate. Nonperforming auto loans totaled $603 million, or 0.65% of period-end auto loans.
