Regardless of a sluggish economy, cardholders seems to be improving the managing of their debt.

In the last concurrent five months, many credit card companies reported that the delinquency rate of their card accounts have fallen.  According to a report issued by Reuters, American Express had the lowest delinquency rate of all the other card issuers.  American Express reported just 2.9 percent of their overall accounts are more than 30 days late.  This is a 0.2 point decrease compared to April.
 
On the contrary, Bank of America bears the highest delinquency rate of all the other banks.  At 6.39 percent, this is still a 0.34 percent decline from the previous month.  JP Morgan, Discover, Citigroup, and Capital one all reported approximately the same figures.
 
Discover was the only provider of the six companies reporting higher charge off rates.  These losses are likely to be caused by high national unemployment, according to Reuters.
 
An expert at Reuters commented, ""I don't think the trends suggest that we're seeing incredible improvement out there - we've still got very high unemployment - but they do suggest that things are slowly and steadily getting better."
 
Such write-offs are speculated to being the major reason for the drop in credit card debt.  Currently, the aggregate credit card debt in the U.S. is estimated to being approximately $838 billion.