J.P. Morgan Chase reported this morning that credit card profits for the fourth quarter were $515 million on revenues of $3.83 billion. Managed card loans of $135.4 billion were up 5% year-on-year, and up 3% sequentially. During the fourth quarter, Chase added 2.73 million net new credit card accounts, ending the quarter with 94.3 million cards in-force. Charge volume for the fourth quarter was $75.3 billion, compared to $69.1 billion one-year ago. The managed net charge-off ratio for the quarter declined to 5.24%, from 5.48% in the prior year, and increased from 4.88% in the prior quarter due to seasonally higher losses. The 30-day managed delinquency ratio was 3.70%, down from 4.21% in the prior year, and 3.81% in the prior quarter due to improved credit quality. Bank card volume for Chase’s merchant acquiring business was $135.9 billion with 4.5 billion transactions. Chase also reported that it ended the quarter with 8,392,000 debit cards. For complete details on Chase’s fourth quarter performance, visit CardData ([www.carddata.com]).