Capital One Financial Corp's
Capital One said the annualized net charge-off rate -- debts the company believes it will never collect -- for U.S. credit cards rose to 10.41 percent in January from 10.14 percent in December.
Accounts at least 30 days delinquent -- an indicator of future loan losses -- were up marginally to 5.80 percent from 5.78 percent.
Capital One is the third-largest U.S. issuer of Visa
For U.S. auto loans, Capital One's charge-off rate was 4.27 percent in January, down from 5.68 percent in December, and the delinquency rate fell to 9.61 percent from 10.03 percent.
In credit card international operations, including Canada and Britain, the charge-off rate fell to 9.03 percent from 9.58 percent, while the delinquency rate rose to 6.66 percent from 6.55 percent.
Capital One routinely kicks off the monthly reporting of credit card charge-offs. JPMorgan Chase & Co
Capital One shares closed at $35.14 Friday on the New York Stock Exchange.
(Reporting by Brenton Cordeiro in Bangalore; Editing by Gopakumar Warrier)