CHASE ISSUANCE TRUST Reports Q2 2026 Portfolio Performance and Credit Metrics

What Happened

• CHASE ISSUANCE TRUST filed an 8-K on August 10, 2026 providing portfolio-level credit card receivable performance as of June 30, 2026 and results for the six months ended June 30, 2026. The Trust’s pool balance was $12,103,936,615. As of June 30, 2026 total delinquent receivables were $98,115,000 (0.81% of the pool) across 13,388 accounts. For the six months ended June 30, 2026 the Trust recorded gross charge‑offs of $124,606,000, recoveries of $23,693,000 and net losses of $100,913,000 (annualized net‑loss rate 1.69%).

Key Details

• Pool balance: $12,103,936,615; total accounts in the Trust Portfolio: 6,615,465; average account balance: $1,830; average credit limit: $16,381.
• Delinquency (as of June 30, 2026): $98.1M (0.81% of pool) across 13,388 accounts; no receivables were 180+ days delinquent.
• Loss and recovery (six months ended 6/30/2026): Gross losses $124.6M; recoveries $23.7M (19.01% of gross losses); net losses $100.9M (annualized 1.69% of average pool).
• Revenue (cash basis, six months): Finance charges, fees and interchange $1,458,070,000; yield on those items 24.58% (annualized). Monthly average principal payment rate: 51.36%.

Why It Matters

• The filing gives investors in asset‑backed securities and other stakeholders current, detailed credit and cash‑flow metrics for the Trust’s collateral. Key indicators — low overall delinquency (0.81%), a substantial six‑month revenue stream ($1.458B cash basis) and an annualized net‑loss rate of 1.69% — help assess credit risk, expected recoveries and potential payment stability to noteholders.
• Composition data (6.6M accounts, avg balance $1,830, geographic concentration: CA, NY, TX, FL, IL) and FICO sample distributions provide additional context on borrower credit quality and concentration risk that could affect future delinquencies and losses.