Fleet Credit Card Services reported a $600 million jumped in card receivables during the third quarter. However delinquency edged up while chargeoffs edged down. At the end of 3Q/00 Fleet had $14.4 billion in card receivables versus $13.8 billion for 2Q/00. Delinquency climbed from 4.38% in the second quarter to 4.61% for the third quarter. Meanwhile chargeoffs dipped from 5.78% in the second quarter to 5.24% for 3Q/00. Credit card profits have increased 18% over the past year despite an 8% decline in overall credit card revenue. Fleet has taken a leadership role in smart cards with the introduction last month of the ‘Fusion smart VISA’ card. Fleet is the only issuer offering the card directly to the public through its Web site. The other ‘smart VISA’ issuer, Providian, is making its ‘Clear’ smart card initially available to select super prime customers. For complete details on Fleet’s 3Q/00 results as well as prior quarter financials visit CardData ([www.carddata.com]).