Tag: credit card debt

The U.S. credit card delinquency rate in Q4 2010 fell to 0.82%, a level lower by close to 32% from the rate during the same period in 2009....

U.S. consumer credit card debt grew in December by 3.5%, or $2.3 billion, to a total of $800.5 billion, after 27 consecutive months of decline....

While US consumer debt has fallen by 8.2% from its peak in Oct. 2008, 54M households with credit cards still owe $800B to credit card companies alone....

US consumers have reduced their credit card balances by $4.2B in November from October, a decrease of 6.3% and the 27th consecutive month of decline....

1% in cash-back rewards result in $25 in monthly rewards, however it also increases spending and debt by $68 and $115 a month, respectively....