Cardholders in Capital One’s securitized credit card pool paid off 47.63% of what they owed in September 2026, according to the trust’s monthly report to the Securities and Exchange Commission. A year earlier the rate was 47.61%. In Citibank’s card trust, the payment rate was 40.71%, up from 38.63% a year earlier.
Over the 13 months shown, Capital One’s rate ranged from 44.83% to 50.80% and Citi’s from 34.39% to 43.06%. Payment rates move from month to month with spending and billing patterns, so the most useful comparison is with the same month a year earlier.
In September 2026, Capital One’s trust reported annualized net losses of 1.69% and 1.72% of receivables 30 or more days past due. Citi’s reported credit losses of 2.18% and 1.35% of receivables 31 or more days past due.
What these trusts are
Banks pool large numbers of credit card accounts into master trusts and sell bonds backed by the payments. Each trust must file a monthly Form 10-D with the SEC, and the attached report shows how the card balances are performing. The Capital One figures come from the monthly statement for the Capital One Master Trust (Series 2002-CC), which backs the Capital One Multi-asset Execution Trust; the trust held $23.0 billion of card balances at the end of September 2026. The Citi figures are for the Citibank Credit Card Master Trust I, reported through the Citibank Credit Card Issuance Trust, with $18.7 billion.
The payment rate is the month’s collections as a percentage of balances at the start of the month. A higher rate means balances are being paid down faster. Yield is the annualized income from interest and fees. The two banks define their measures a little differently (Capital One reports total collections over total receivables and 30+ day delinquency; Citi reports a total payment rate and 31+ day delinquency), so the levels are not directly comparable; changes over time within each trust are. Trust pools are a sample of each bank’s accounts and may differ from its full card portfolio. Citi’s reporting periods end around the 25th of each month; we label them by that month.
Monthly figures
| Month | Capital One payment rate | Citi payment rate | Capital One yield | Citi yield | Capital One net losses | Citi credit losses |
|---|---|---|---|---|---|---|
| September 2026 | 47.63% | 40.71% | 26.89% | 22.85% | 1.69% | 2.18% |
| August 2026 | 48.48% | 38.39% | 27.39% | 22.02% | 2.01% | 2.03% |
| July 2026 | 49.61% | 43.06% | 27.09% | 21.51% | 1.80% | 1.90% |
| June 2026 | 50.06% | 41.21% | 27.49% | 22.39% | 1.92% | 2.25% |
| May 2026 | 48.24% | 38.91% | 27.26% | 21.80% | 2.23% | 2.28% |
| April 2026 | 48.75% | 40.96% | 27.56% | 21.37% | 2.16% | 2.11% |
| March 2026 | 47.85% | 40.78% | 27.46% | 23.10% | 2.38% | 2.58% |
| February 2026 | 44.83% | 37.09% | 26.46% | 21.76% | 2.47% | 2.19% |
| January 2026 | 47.38% | 39.52% | 26.03% | 19.03% | 2.30% | 2.03% |
| December 2025 | 50.80% | 42.61% | 28.33% | 22.19% | 2.35% | 2.51% |
| November 2025 | 44.84% | 34.39% | 26.96% | 21.33% | 2.42% | 2.11% |
| October 2025 | 48.05% | 40.41% | 27.71% | 20.87% | 2.34% | 1.95% |
| September 2025 | 47.61% | 38.63% | 27.36% | 21.21% | 2.21% | 2.50% |
Figures as reported in each month’s exhibit. Net losses and yields are annualized. The CSV adds delinquency, receivables, filing dates and the SEC document for each month.
Source
U.S. Securities and Exchange Commission, EDGAR, Form 10-D monthly reports for Capital One Multi-asset Execution Trust (Exhibit 99.1, Capital One Master Trust Series 2002-CC monthly statement) and Citibank Credit Card Issuance Trust (Exhibit 99), filed October 2025 to October 2026, retrieved October 27, 2026. Public filings. Our table is available under CC BY 4.0. Credit "My Credit Guide (mycreditguide.org)".
Steven Reynolds, "Credit Card Payment Rates: Capital One and Citi Trusts," My Credit Guide, October 27, 2026, https://mycreditguide.org/data/credit-card-trust-payment-rates/.