Strong economic signals continued to exert their influence on credit card portfolios in June, as chargeoffs and delinquencies were largely unchanged while excess spread climbed to an all-time high, according to the latest credit card performance data from Fitch IBCA.

The rating agency said that chargeoffs in June advanced slightly to 5.95%, compared with May's figure of 5.91% and the June 1998 chargeoff rate of 6.63%.

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