JPMorgan Chase Net Charge-Off Rate Rises to 1.69% in January
JPMorgan Chase’s January 2026 credit card delinquency rate held steady at 0.88% year-over-year, while the net charge-off rate increased to 1.69% from 1.64%. This uptick suggests modest pressure on asset quality for the bank’s consumer lending portfolio.
1. January Credit Card Performance
JPMorgan Chase’s Chase Issuance Trust recorded a stable delinquency rate of 0.88% in January 2026, unchanged from a year earlier, while net charge-offs rose to 1.69% from 1.64% in January 2025, reflecting a modest uptick in consumer loan defaults.
2. Asset Quality Outlook
The increase in net charge-offs signals emerging pressure on the bank’s consumer credit portfolio, which may necessitate higher loan-loss provisions and could weigh on profitability if delinquencies continue to rise.
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