100+ datasets found
  1. Quarterly credit card debt in the U.S. 2010-2025

    • statista.com
    Updated Jun 4, 2025
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    Statista (2025). Quarterly credit card debt in the U.S. 2010-2025 [Dataset]. https://www.statista.com/statistics/245405/total-credit-card-debt-in-the-united-states/
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    Dataset updated
    Jun 4, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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.

  2. F

    Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks...

    • fred.stlouisfed.org
    json
    Updated Jul 3, 2025
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    (2025). Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks [Dataset]. https://fred.stlouisfed.org/series/CCLACBW027SBOG
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    jsonAvailable download formats
    Dataset updated
    Jul 3, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-06-25 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

  3. T

    United States Debt Balance Credit Cards

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Mar 15, 2025
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    TRADING ECONOMICS (2025). United States Debt Balance Credit Cards [Dataset]. https://tradingeconomics.com/united-states/debt-balance-credit-cards
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    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    Mar 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 2003 - Mar 31, 2025
    Area covered
    United States
    Description

    Debt Balance Credit Cards in the United States decreased to 1.18 Trillion USD in the first quarter of 2025 from 1.21 Trillion USD in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Debt Balance Credit Cards.

  4. Credit card debt in the different states of the U.S. 2023

    • statista.com
    Updated Jun 25, 2024
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    Fernando de Querol Cumbrera (2024). Credit card debt in the different states of the U.S. 2023 [Dataset]. https://www.statista.com/topics/1203/personal-debt/
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    Dataset updated
    Jun 25, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Fernando de Querol Cumbrera
    Area covered
    United States
    Description

    As of the last quarter of 2022, Alaska and Hawaii were the states in the U.S. with the highest credit card debt. While the average credit card debt in Alaska amounted to 4,430 U.S. dollars, people from Mississippi only had on average 2,450 U.S. dollars of credit card debt.

  5. Average credit card balance in the United States in 2023, by age group

    • statista.com
    Updated Jun 25, 2024
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    Fernando de Querol Cumbrera (2024). Average credit card balance in the United States in 2023, by age group [Dataset]. https://www.statista.com/topics/1203/personal-debt/
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    Dataset updated
    Jun 25, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Fernando de Querol Cumbrera
    Area covered
    United States
    Description

    The generation X was the group of people with the highest average credit card balance in the United States in 2023. That year, the average credit card debt of the generation Z amounted to approximately 3,260 U.S. dollars. People in the silent generation had a credit card balance of roughly 3,410 U.S. dollars.

  6. F

    Delinquency Rate on Credit Card Loans, All Commercial Banks

    • fred.stlouisfed.org
    json
    Updated May 21, 2025
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    (2025). Delinquency Rate on Credit Card Loans, All Commercial Banks [Dataset]. https://fred.stlouisfed.org/series/DRCCLACBS
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    jsonAvailable download formats
    Dataset updated
    May 21, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    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.

  7. T

    United States Households Debt To GDP

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, United States Households Debt To GDP [Dataset]. https://tradingeconomics.com/united-states/households-debt-to-gdp
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    csv, excel, xml, jsonAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1947 - Dec 31, 2024
    Area covered
    United States
    Description

    Households Debt in the United States decreased to 69.20 percent of GDP in the fourth quarter of 2024 from 70.50 percent of GDP in the third quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  8. United States Household Debt

    • ceicdata.com
    Updated Feb 27, 2025
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    CEICdata.com (2025). United States Household Debt [Dataset]. https://www.ceicdata.com/en/indicator/united-states/household-debt
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    Dataset updated
    Feb 27, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    United States
    Description

    Key information about United States Household Debt

    • United States Household Debt reached 18,036.0 USD bn in Dec 2024, compared with the reported number of 17,943.0 USD bn in the previous quarter
    • US Household Debt: USD mn data is updated quarterly, available from Mar 1999 to Dec 2024
    • The data reached an all-time high of 18,036.0 USD bn in Dec 2024 and a record low of 4,540.0 USD bn in Mar 1999

    Federal Reserve Board of New York provides quarterly Household Debt in USD. Household Debt includes Mortgages, Home Equity Revolving, Auto Loans, Bankcards, Student Loans and Others.


    Further information about United States Household Debt

    • In the latest reports, United States Household Debt accounted for 61.7 % of the country's Nominal GDP in Dec 2024
    • Money Supply M2 in United States increased 21,533.8 USD bn YoY in Dec 2024
    • United States Foreign Exchange Reserves was measured at 34.9 USD bn in Dec 2024
    • The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2024
    • United States Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY

  9. Average consumer debt in the U.S. 2010-2023

    • statista.com
    Updated Jun 20, 2024
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    Statista (2024). Average consumer debt in the U.S. 2010-2023 [Dataset]. https://www.statista.com/statistics/1281667/average-consumer-debt-usa/
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    Dataset updated
    Jun 20, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The average consumer debt balance in the United States has peaked in 2023 at roughly 104,200 U.S. dollars. However, average consumer debt had decreased between 2010 and 2013, when it reached approximately 85,500 U.S. dollars. Here, consumer debt refers to student and car loans, credit cards, personal loans, mortgages, and other types of debt.

  10. F

    Large Bank Consumer Credit Card Balances: Total Balances

    • fred.stlouisfed.org
    json
    Updated Apr 9, 2025
    + more versions
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    (2025). Large Bank Consumer Credit Card Balances: Total Balances [Dataset]. https://fred.stlouisfed.org/series/RCCCBBALTOT
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    jsonAvailable download formats
    Dataset updated
    Apr 9, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Large Bank Consumer Credit Card Balances: Total Balances (RCCCBBALTOT) from Q3 2012 to Q4 2024 about FR Y-14M, consumer credit, credit cards, large, balance, loans, consumer, banks, depository institutions, and USA.

  11. Quarterly credit card loan delinquency rates in the U.S. 1991-2025

    • statista.com
    Updated Jun 10, 2025
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    Statista (2025). Quarterly credit card loan delinquency rates in the U.S. 1991-2025 [Dataset]. https://www.statista.com/statistics/935115/credit-card-loan-delinquency-rates-usa/
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    Dataset updated
    Jun 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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.

  12. T

    United States Consumer Credit Change

    • tradingeconomics.com
    • fr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 6, 2025
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    TRADING ECONOMICS (2025). United States Consumer Credit Change [Dataset]. https://tradingeconomics.com/united-states/consumer-credit
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    json, xml, csv, excelAvailable download formats
    Dataset updated
    Jun 6, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 28, 1943 - Apr 30, 2025
    Area covered
    United States
    Description

    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.

  13. Monthly commercial bank interest rate on credit card plans in the U.S....

    • statista.com
    Updated Jul 3, 2025
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    Statista (2025). Monthly commercial bank interest rate on credit card plans in the U.S. 1994-2025 [Dataset]. https://www.statista.com/statistics/633302/interest-rate-on-credit-card-plans-usa/
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    Dataset updated
    Jul 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Nov 1994 - Feb 2025
    Area covered
    United States
    Description

    Commercial bank interest rates on credit card plans in the United States were over *** percent higher in early 2025 than in the same period in 2022. In February 2025, the interest amount on credit card plans amounted to ***** percent. Alongside this development, the overall amount of credit card debt in the U.S. reached an all-time high in Q4 2023. Credit cards are considered one of the most common ways to pay in the United States, so potential changes on credit card debt are closely tied to both the inflation figure and central bank interest rate of the country.

  14. F

    Household Debt Service Payments as a Percent of Disposable Personal Income

    • fred.stlouisfed.org
    json
    Updated Jun 26, 2025
    + more versions
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    (2025). Household Debt Service Payments as a Percent of Disposable Personal Income [Dataset]. https://fred.stlouisfed.org/series/TDSP
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    jsonAvailable download formats
    Dataset updated
    Jun 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q1 2025 about disposable, payments, debt, personal income, percent, personal, households, services, income, and USA.

  15. United States Household Debt: % of GDP

    • ceicdata.com
    Updated Feb 15, 2020
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    CEICdata.com (2020). United States Household Debt: % of GDP [Dataset]. https://www.ceicdata.com/en/indicator/united-states/household-debt--of-nominal-gdp
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    Dataset updated
    Feb 15, 2020
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    United States
    Description

    Key information about United States Household Debt: % of GDP

    • United States household debt accounted for 61.7 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 62.3 % in the previous quarter.
    • US household debt to GDP ratio is updated quarterly, available from Mar 1999 to Dec 2024.
    • The data reached an all-time high of 85.8 % in Dec 2008 and a record low of 49.4 % in Mar 1999.

    CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Federal Reserve Board of New York provides Household Debt in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Household Debt includes Mortgages, Home Equity Revolving, Auto Loans, Bankcards, Student Loans and Others.


    Related information about United States Household Debt: % of GDP

    • In the latest reports, US Household Debt reached 18,036.0 USD bn in Dec 2024.
    • Money Supply M2 in US increased 3.9 % YoY in Jan 2025.
    • US Foreign Exchange Reserves was measured at 34.9 USD bn in Dec 2024.
    • The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2024.
    • US Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY.
    • The country's Non Performing Loans Ratio stood at 1.7 % in Dec 2024, compared with the ratio of 1.5 % in the previous quarter.

  16. F

    Total Consumer Credit Owned and Securitized

    • fred.stlouisfed.org
    json
    Updated Jun 6, 2025
    + more versions
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    (2025). Total Consumer Credit Owned and Securitized [Dataset]. https://fred.stlouisfed.org/series/TOTALSL
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    jsonAvailable download formats
    Dataset updated
    Jun 6, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Total Consumer Credit Owned and Securitized (TOTALSL) from Jan 1943 to Apr 2025 about securitized, owned, consumer credit, loans, consumer, and USA.

  17. Amount of personal debt held in the U.S. 2018-2023

    • statista.com
    Updated Jun 26, 2025
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    Statista (2025). Amount of personal debt held in the U.S. 2018-2023 [Dataset]. https://www.statista.com/statistics/944938/personal-debt-usa/
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    Dataset updated
    Jun 26, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The average amount of non-mortgage debt held by consumers in the United States has been falling steadily during the past years, amounting to ****** U.S. dollars in 2023. While respondents had ****** U.S. dollars of debt in 2018, that volume decreased to ****** U.S. dollars in 2019, which constituted the largest year-over-year decrease.What age groups are more indebted in the U.S.?The age group with the highest level of consumer debt in the U.S. was belonging to the Generation X with approximately ******* U.S. dollars of debt in 2022. The next generations with high consumer debt levels were baby boomers and millennials, whose debt levels were similar. In comparison, credit card debt is more equally distributed across all ages. There is an exception among people under 35 years old, who are significantly less burdened with credit card debt. However, most consumers expect to get rid of their debt in the short term. College expenses as a source of debtEducational expenses were not among the leading sources of debt among consumers in the U.S. in 2022. Instead, they made up about ** percent of the total. However, around ** percent of undergraduates from lower-income families had student loans, while over a fifth of undergraduates from higher-income families had student loans. Independently of how they cover these expenses, the confidence of students and parents about being able to pay these college costs was high in most cases.

  18. D

    Debt Adjustment Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Apr 23, 2025
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    Data Insights Market (2025). Debt Adjustment Report [Dataset]. https://www.datainsightsmarket.com/reports/debt-adjustment-1450599
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    doc, ppt, pdfAvailable download formats
    Dataset updated
    Apr 23, 2025
    Dataset authored and provided by
    Data Insights Market
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The debt adjustment market is experiencing robust growth, driven by increasing consumer debt levels globally and a rising awareness of debt management solutions. The market's expansion is fueled by several key factors: the surge in personal loans, credit card debt, and student loan burdens; the growing accessibility of online debt counseling and negotiation services; and the increasing sophistication of debt adjustment strategies employed by both consumers and debt relief companies. While economic downturns can temporarily restrain market growth, the long-term trend points towards sustained expansion. Segmentation reveals a strong demand for open-end loan adjustments, reflecting the persistent nature of revolving credit debt. The market is geographically diverse, with North America and Europe currently holding significant market shares, but developing economies in Asia-Pacific and other regions are showing promising growth potential, driven by rising middle classes and increased access to credit. The competitive landscape is characterized by both large established companies and smaller niche players, all vying to cater to diverse client needs. This competitive dynamic fosters innovation and drives down prices, further expanding market access. The forecast period of 2025-2033 is expected to witness substantial growth, particularly in regions experiencing rapid economic development. The continued evolution of digital technologies is further facilitating access to debt adjustment services, making them more convenient and affordable for a broader consumer base. Effective regulatory frameworks and consumer protection measures will play a crucial role in ensuring responsible and sustainable growth within this market. While challenges such as fluctuating interest rates and economic uncertainty remain, the inherent need for debt management solutions suggests a positive outlook for the debt adjustment market's trajectory in the coming years. Proactive financial literacy programs and the development of innovative debt solutions will be vital factors influencing the overall market evolution.

  19. C

    Consumer Debt Settlement Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Apr 26, 2025
    + more versions
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    Data Insights Market (2025). Consumer Debt Settlement Report [Dataset]. https://www.datainsightsmarket.com/reports/consumer-debt-settlement-1369439
    Explore at:
    doc, pdf, pptAvailable download formats
    Dataset updated
    Apr 26, 2025
    Dataset authored and provided by
    Data Insights Market
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The consumer debt settlement market is experiencing robust growth, driven by increasing consumer debt levels globally and a rising awareness of debt relief solutions. The market's expansion is fueled by several factors, including the rising prevalence of unsecured debt like credit card and personal loans, economic downturns impacting individual financial stability, and the increasing availability of debt settlement services through both online platforms and traditional financial advisory firms. The segment encompassing open-end loans (like credit cards) and closed-end loans (like personal loans) constitutes a significant portion of the market, reflecting the widespread nature of consumer debt. Within these segments, credit card debt relief remains a dominant area, given the high interest rates and often overwhelming balances associated with these products. Medical and private student loan debt settlement are also exhibiting significant growth, driven by escalating healthcare costs and rising tuition fees respectively. Competition among companies like Freedom Debt Relief, National Debt Relief, and others is intense, leading to innovative service offerings and increased consumer choice. This competition, however, also presents a challenge in terms of maintaining profit margins and ensuring ethical practices within the industry. Regional variations exist, with North America and Europe currently leading the market, but developing economies in Asia-Pacific are poised for substantial growth as consumer credit markets mature. The forecast period (2025-2033) anticipates continued market expansion, although the rate of growth might slightly moderate compared to the historical period (2019-2024) as the market matures. Factors potentially influencing this moderate growth include increased regulatory scrutiny of debt settlement companies, the potential for economic recovery in certain regions leading to reduced consumer need for debt relief, and ongoing efforts to educate consumers about alternative debt management strategies. Despite these factors, the long-term outlook remains positive, driven by the persistent issue of consumer debt and the ongoing need for professional debt resolution services. Further segmentation by loan type and the emergence of new technological solutions for debt management are expected to shape the market landscape in the coming years.

  20. D

    Debt Management Services Report

    • archivemarketresearch.com
    doc, pdf, ppt
    Updated Mar 9, 2025
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    Archive Market Research (2025). Debt Management Services Report [Dataset]. https://www.archivemarketresearch.com/reports/debt-management-services-55152
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    doc, ppt, pdfAvailable download formats
    Dataset updated
    Mar 9, 2025
    Dataset authored and provided by
    Archive Market Research
    License

    https://www.archivemarketresearch.com/privacy-policyhttps://www.archivemarketresearch.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The debt management services market is experiencing robust growth, driven by rising personal debt levels globally and increasing awareness of professional debt solutions. While precise figures for market size and CAGR weren't provided, a reasonable estimation, based on industry reports showing similar markets experiencing 5-8% annual growth, suggests a 2025 market size of approximately $15 billion USD. Projecting a conservative CAGR of 6% for the forecast period (2025-2033), the market is anticipated to reach approximately $25 billion USD by 2033. This growth is fueled by several key factors: a rise in consumer debt due to factors such as increased credit card usage and student loan burdens, the growing prevalence of financial illiteracy and the need for professional guidance, and a shift toward digital platforms offering accessible and convenient debt management solutions. The market is segmented by profit status (for-profit and non-profit) and application (individual and commercial), with the individual segment currently dominating. Key players like Money Management International and InCharge Debt Solutions are leveraging technology and expanding their service offerings to cater to this growing demand, while facing challenges such as regulatory scrutiny and the ongoing threat of financial scams. The geographical distribution of the debt management services market is diverse, with North America and Europe currently holding the largest market share. However, emerging economies in Asia-Pacific and regions in Africa are exhibiting promising growth potential. This expansion is attributed to increasing disposable incomes, improving financial literacy programs in certain regions, and the availability of debt consolidation services. Factors such as economic downturns, changes in consumer behavior and evolving regulatory frameworks pose restraints to market growth. However, the market's adaptability and the increasing need for effective debt solutions suggest a continuous upward trajectory in the foreseeable future. Future growth will likely depend on effective marketing, technological innovation, and strategic partnerships to better reach underserved populations.

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Statista (2025). Quarterly credit card debt in the U.S. 2010-2025 [Dataset]. https://www.statista.com/statistics/245405/total-credit-card-debt-in-the-united-states/
Organization logo

Quarterly credit card debt in the U.S. 2010-2025

Explore at:
Dataset updated
Jun 4, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

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.

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