Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks (DRCCLACBS) from Q1 1991 to Q1 2025 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

Delinquency rates for credit cards picked up in 2025 in the United States, leading to the highest rates observed since 2008. This is according to a collection of one of the United States' federal banks across all commercial banks. The high delinquency rates were joined by the highest U.S. credit card charge-off rates since the Financial Crisis of 2008. Delinquency rates, or the share of credit card loans overdue a payment for more than 60 days, can sometimes lead into charge-off, or a writing off the loan, after about six to 12 months. These figures on the share of credit card balances that are overdue developed significantly between 2021 and 2025: Delinquencies were at their lowest point in 2021 but increased to one of their highest points by 2025. This is reflected in the growing credit card debt in the United States, which reached an all-time high in 2023.

United States - Delinquency Rate on Credit Card Loans, All Commercial Banks was 3.05% in January of 2025, according to the United States Federal Reserve. Historically, United States - Delinquency Rate on Credit Card Loans, All Commercial Banks reached a record high of 6.77 in April of 2009 and a record low of 1.53 in July of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Delinquency Rate on Credit Card Loans, All Commercial Banks - last updated from the United States Federal Reserve on June of 2025.

Credit card debt in the United States has been growing at a fast pace between 2021 and 2025. In the fourth quarter of 2024, the overall amount of credit card debt reached its highest value throughout the timeline considered here. COVID-19 had a big impact on the indebtedness of Americans, as credit card debt decreased from *** billion U.S. dollars in the last quarter of 2019 to *** billion U.S. dollars in the first quarter of 2021. What portion of Americans use credit cards? A substantial portion of Americans had at least one credit card in 2025. That year, the penetration rate of credit cards in the United States was ** percent. This number increased by nearly seven percentage points since 2014. The primary factors behind the high utilization of credit cards in the United States are a prevalent culture of convenience, a wide range of reward schemes, and consumer preferences for postponed payments. Which companies dominate the credit card issuing market? In 2024, the leading credit card issuers in the U.S. by volume were JPMorgan Chase & Co. and American Express. Both firms recorded transactions worth over one trillion U.S. dollars that year. Citi and Capital One were the next banks in that ranking, with the transactions made with their credit cards amounting to over half a trillion U.S. dollars that year. Those industry giants, along with other prominent brand names in the industry such as Bank of America, Synchrony Financial, Wells Fargo, and others, dominate the credit card market. Due to their extensive customer base, appealing rewards, and competitive offerings, they have gained a significant market share, making them the preferred choice for consumers.

In the first quarter of 2025, roughly **** percent of all consumer loans at commercial banks in the United States were delinquent. The delinquency rate on this type of credit has been rising again since 2021. Loans are delinquent when the borrower does not pay their obligations on time. One of the reasons for the delinquency rate decreasing during the first years of the COVID-19 pandemic was that the personal saving rate in the U.S. soared during that period. What is the trend in consumer credit levels in the United States? Consumer credit refers to the various types of loans and credit extended to individuals for personal use, often to fund everyday purchases or larger expenses. When credit levels rise, it often signals that consumers are more confident in their ability to manage debt and make future payments. After a period of strong growth between 2021 and early 2023, consumer credit in the United States has been growing at a slower pace. By early 2024, consumer credit levels reached over **** trillion U.S. dollars. What is the main channel for acquiring consumer credit? In 2024, the leading type of consumer credit among consumers in the U.S. was credit card bills. Credit card usage in the North American country was substantial and credit card penetration was expected to reach over **** percent by 2029. Car loans ranked next as a common source of consumer credit, while other types of debt, such as medical bills, home equity lines of credit, and personal educational loans, had lower percentages.

San Marino: Percent of credit card debt balance 90+ days delinquent: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for San Marino from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Argentina: Percent of credit card debt balance 90+ days delinquent: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Argentina from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Credit card charge-off rates reached their highest level in over 14 years by Q2 2024, as borrowers struggled to keep up with debts. This is according to figures gathered by the Federal Reserve from U.S. chartered commercial banks. Credit card became an increasingly more common way to pay after the coronavirus pandemic, as is shown in the distribution of different types of loans in the United States. U.S. consumers had built up their cash reserves, making them eligible to get a credit card. The high charge-off rates were joined by the highest U.S. credit card delinquency rates since the Financial Crisis of 2008.

The Ivory Coast: Percent of credit card debt balance 90+ days delinquent: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for the Ivory Coast from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Graph and download economic data for Large Bank Consumer Credit Card Balances: 90 or More Days Past Due Rates: Accounts Based (RCCCBACTDPD90P) from Q3 2012 to Q4 2024 about 90 days +, accounts, FR Y-14M, consumer credit, credit cards, large, balance, loans, consumer, banks, depository institutions, rate, and USA.

Total credit card debt in the UK grew by **** billion British pounds between October and November 2023, now reaching a similar level of debt as seen in early 2017. The annual growth rate of credit card debt stayed about the same in March 2025, reaching *** percent when compared to March 2024. The growth rate in 2023 has been relatively consistently since May, which may potentially be attributed to growing interest rates and the cost of living crisis.

The Global Financial Crisis of 2008-09 was a period of severe macroeconomic instability for the United States and the global economy more generally. The crisis was precipitated by the collapse of a number of financial institutions who were deeply involved in the U.S. mortgage market and associated credit markets. Beginning in the Summer of 2007, a number of banks began to report issues with increasing mortgage delinquencies and the problem of not being able to accurately price derivatives contracts which were based on bundles of these U.S. residential mortgages. By the end of 2008, U.S. financial institutions had begun to fail due to their exposure to the housing market, leading to one of the deepest recessions in the history of the United States and to extensive government bailouts of the financial sector.

Subprime and the collapse of the U.S. mortgage market

The early 2000s had seen explosive growth in the U.S. mortgage market, as credit became cheaper due to the Federal Reserve's decision to lower interest rates in the aftermath of the 2001 'Dot Com' Crash, as well as because of the increasing globalization of financial flows which directed funds into U.S. financial markets. Lower mortgage rates gave incentive to financial institutions to begin lending to riskier borrowers, using so-called 'subprime' loans. These were loans to borrowers with poor credit scores, who would not have met the requirements for a conventional mortgage loan. In order to hedge against the risk of these riskier loans, financial institutions began to use complex financial instruments known as derivatives, which bundled mortgage loans together and allowed the risk of default to be sold on to willing investors. This practice was supposed to remove the risk from these loans, by effectively allowing credit institutions to buy insurance against delinquencies. Due to the fraudulent practices of credit ratings agencies, however, the price of these contacts did not reflect the real risk of the loans involved. As the reality of the inability of the borrowers to repay began to kick in during 2007, the financial markets which traded these derivatives came under increasing stress and eventually led to a 'sudden stop' in trading and credit intermediation during 2008.

Market Panic and The Great Recession

As borrowers failed to make repayments, this had a knock-on effect among financial institutions who were highly leveraged with financial instruments based on the mortgage market. Lehman Brothers, one of the world's largest investment banks, failed on September 15th 2008, causing widespread panic in financial markets. Due to the fear of an unprecedented collapse in the financial sector which would have untold consequences for the wider economy, the U.S. government and central bank, The Fed, intervened the following day to bailout the United States' largest insurance company, AIG, and to backstop financial markets. The crisis prompted a deep recession, known colloquially as The Great Recession, drawing parallels between this period and The Great Depression. The collapse of credit intermediation in the economy lead to further issues in the real economy, as business were increasingly unable to pay back loans and were forced to lay off staff, driving unemployment to a high of almost 10 percent in 2010. While there has been criticism of the U.S. government's actions to bailout the financial institutions involved, the actions of the government and the Fed are seen by many as having prevented the crisis from spiraling into a depression of the magnitude of The Great Depression.

United States - Delinquency Rate on Consumer Loans, All Commercial Banks was 2.77% in January of 2025, according to the United States Federal Reserve. Historically, United States - Delinquency Rate on Consumer Loans, All Commercial Banks reached a record high of 4.85 in April of 2009 and a record low of 1.53 in April of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Delinquency Rate on Consumer Loans, All Commercial Banks - last updated from the United States Federal Reserve on June of 2025.

The Philippines: Percent of credit card debt balance 90+ days delinquent: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for the Philippines from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Graph and download economic data for Delinquency Rate on Consumer Loans, All Commercial Banks (DRCLACBS) from Q1 1987 to Q1 2025 about delinquencies, commercial, loans, consumer, banks, depository institutions, rate, and USA.

Consumer Credit in the United States increased to 17.87 USD Billion in April from 8.60 USD Billion in March of 2025. This dataset provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Finland: Percent of credit card debt balance 90+ days delinquent: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Finland from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Consumer Credit in Canada increased to 786799 CAD Million in April from 783297 CAD Million in March of 2025. This dataset provides - Canada Consumer Credit - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Madagascar: Percent of credit card debt balance 90+ days delinquent: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Madagascar from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Graph and download economic data for Charge-Off Rate on Credit Card Loans, Banks Ranked 1st to 100th Largest in Size by Assets (CORCCT100S) from Q1 1985 to Q1 2025 about charge-offs, credit cards, assets, loans, banks, depository institutions, rate, and USA.