CITIBANK CREDIT CARD ISSUANCE TRUST Reports Portfolio Performance Through June 25, 2026

What Happened
CITIBANK CREDIT CARD ISSUANCE TRUST (filed via Citibank, N.A. as servicer) filed an 8‑K on August 7, 2026 providing detailed performance metrics for the credit card receivables in Citibank Credit Card Master Trust I through June 25–28, 2026. The filing discloses portfolio size, charge‑offs, recoveries, net losses, delinquency levels, revenue (finance charges/fees/interchange) and payment behavior for the six months ended June 25, 2026 and comparable prior periods.

Key Details

• Portfolio size and composition:
  • Total receivables outstanding: $20,142,674,856 (about $20.14B) as of June 25, 2026; 7,496,295 accounts.
  • Principal receivables: $19,185,634,853; finance charge receivables: $957,040,002.
  • Average principal balance: $2,559; average credit limit: $17,660. 100% of accounts opened prior to Jan 2016.
• Losses and charge‑offs (dollars from table shown in thousands):
  • Six months ended June 25, 2026 — Gross charge‑offs $284,462 (≈ $284.5M), recoveries $66,869 (≈ $66.9M), net losses $217,593 (≈ $217.6M).
  • Net losses as a % of average principal receivables (six months): 2.26%.
• Delinquencies and payments:
  • Total delinquent amount as of June 28, 2026: $492,337 (≈ $492.3M), or 2.44% of receivables.
  • Average monthly cardholder payment rate (six‑month average): 39.79%; at most recent billing date 35.93% of cardholders paid full balance, 6.47% paid only minimum, and 34.36% had a credit/no payment due.
• Revenue:
  • Finance charges and fees paid (six months): $2,309,999 (≈ $2.31B).
  • Average revenue yield (annualized basis): 24.01% for the six‑month period.
• Concentrations and credit quality:
  • ~28.24% of receivables tied to Citibank/American Airlines AAdvantage co‑brand cards.
  • FICO distribution (master trust): ~93.15% of receivables tied to obligors with FICO >660.
  • Small business subset: 96,523 accounts; principal $454.7M; avg balance $4,711; ~95.02% FICO >660; ~98.36% current.

Why It Matters
This 8‑K gives investors granular, recent metrics on the master trust’s credit card performance: portfolio size, credit quality, loss rates, delinquency trends, payment behavior and revenue yield. Key takeaways for investors are the mid‑year net loss rate (2.26% on average principal for the six months), delinquency level (2.44% 30+ days), strong revenue yield (24.01% annualized) and the notable concentration in the AAdvantage co‑brand (≈28%). The filing also notes the portfolio is fully seasoned (no accounts opened since before 2016), and warns that future results could be affected by economic conditions, loan modifications, regulatory changes (e.g., interest‑rate caps), or adverse events impacting co‑brands like American Airlines — all items investors monitor when assessing credit risk and cash flow stability.