The net relationship between these two variables has never been such that charge-off rates exceed interest rates, and, in a normalized environment, will range anywhere from 6% to 12%.

这两个变量的净差从来没有出现过坏账率超过利率的情况，而且在正常情况下，这一净差将一直在6%-12%的范围内。

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However, the annualized net charge-off rate for US credit cards rose marginally from 7.26% in October to 7.56% in November.

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But for those looking for a replay of the Credit Crisis, the net charge-off numbers from American Express ( AXP), Bank of America ( BAC), Citi ( C), Capital One ( COF), Discover ( DFS), and JPMorgan Chase ( JPM) would argue against it as this data continues to improve each and every month.

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