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Average credit card debt increased 3.5% to $6,730 in 2024

Summary by KION
Jacob Lund // Shutterstock Average credit card debt increased 3.5% to $6,730 in 2024 Despite record-high annual percentage rates (APRs) for consumers, credit card debt grew at a slower rate in 2024 than it did in 2023. The total amount of consumer credit card debt in the U.S. grew 8.6% to reach $1.16 trillion as of the third quarter (Q3) of 2024, according to Experian data. Among those consumers who carry a balance—revolvers, in industry jargon—…

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Average credit card debt increased 3.5% to $6,730 in 2024

Jacob Lund // Shutterstock Average credit card debt increased 3.5% to $6,730 in 2024 Despite record-high annual percentage rates (APRs) for consumers, credit card debt grew at a slower rate in 2024 than it did in 2023. The total amount of consumer credit card debt in the U.S. grew 8.6% to reach $1.16 trillion as of the third quarter (Q3) of 2024, according to Experian data. Among those consumers who carry a balance—revolvers, in industry jargon—…

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hugonews.com broke the news in Hugo, United States on Wednesday, March 26, 2025.
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