Credit card debt hits record high

Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
This Week In Credit Card News: Credit Card Debt Still At Record Levels
Americans Struggle With Record Credit Card Debt U.S. credit card debt reached a record $1.17 trillion in the third quarter of 2024, growing from $770 billion in the first quarter of 2021 and the share of active credit card holders making just minimum payments rose to 10.75%, the highest percentage ever in data going back to 2012. [ The Guardian]
Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
Credit card debt hits record high, but help is available | What you need to know
A new report shows Americans have more than 1.2 trillion in credit card debt. One nonprofit says they have resources to help.
This is what Americans owe on their credit cards: Fed
Americans are facing unprecedented levels of household debt, with credit card balances hitting a record high. The Federal Reserve Bank of New York's latest report sheds light on the factors contributing to this surge and what it means for the economy.
ConsumerAffairs2d
Bank of America Credit Cards Reviews
I’m very disappointed with Bank of America. Due to an issue with their ... I’ve been using credit cards for 8 years and have never had any issues with payments or late fees on any of them.
CNBC13d
The 6 best Bank of America credit cards of February 2025
Bank of America issues a range of credit cards. There are cards for earning travel rewards and cash-back, as well as small business cards, airline credit cards and ones for building ...
Forbes1mon
Bank Of America Customized Cash Rewards Credit Card Review 2025
Toni is a points and miles enthusiast who has been leveraging loyalty programs to travel around the world (for nearly free) with her husband and their four young children. She’s passionate about ...
ConsumerAffairs14d
Bank of America Secured Credit Card Reviews
See reviews below to learn more or submit your own review. Bank of America Secured credit cards can help those with damaged credit rebuild their credit score. Minimum security deposits are ...
The Daily Hodl7d
Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics
A group of Bank of America customers are joining together to sue the US financial giant. A proposed class action lawsuit alleges BofA promised to hand a trove of reward points to new credit card ...
CNBC13d
Here are the best limited-time credit card promotions of February 2025
Best credit card bonus offers and limited-time promotions American Express Bank of America Chase Citi Discover Capital One Exclusive limited-time discounts at dining, retail and travel ...
Business Insider21h
Best Business Credit Cards of February 2025
People who value cash back frequently tout the benefits of combining a cash-back credit card like the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card ...