Credit card delinquency worst on record

Almost 3.5% of card balances were at least 30 days past due as of the end of December, the Philadelphia Fed said. — Bloomberg

NEW YORK: US credit card delinquency rates were the highest on record in the fourth quarter, according to a Federal Reserve (Fed) Bank of Philadelphia report.

Almost 3.5% of card balances were at least 30 days past due as of the end of December, the Philadelphia Fed said.