Capital One Financial’s (NYSE: COF) credit card delinquency rate slightly decreased in March, while its net charge-off rate increased marginally. Lending activity remained strong, with loans held for investment rising 0.8% month-over-month (M/M) and 9.9% year-over-year (Y/Y). The domestic credit card delinquency rate declined to 4.48% in March from 4.72% in February, although it remains higher than pre-COVID levels. However, the net charge-off rate increased to 6.15% from 5.95% in February, driven by elevated credit loss provisions.