ADS - Alliance Data credit card delinquency charge-offs continue to improve in April

Alliance Data Systems (ADS) Card Services segment's delinquency rate improves to 3.4% in April vs. 3.8% in March and 5.6% in April 2020.Net charge-off rate of 5.2% edges down from 5.3% in March and jumps down from 7.3% in April 2020.In Q1, credit card balances fell as stimulus payments and continued enhanced unemployment benefits provide support to the U.S. economy, The New York Fed said last week.Previously (April 29): Alliance Data card delinquency rate falls in March

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Alliance Data credit card delinquency, charge-offs continue to improve in April