Credit card balances hit $1.28 trillion in Q4 2025, up $44 billion in three months

Americans are carrying more credit card debt than ever. Balances hit $1.28 trillion by the end of last year’s fourth quarter, a $44 billion jump in three months, according to data the Federal Reserve Bank of New York released Tuesday. The year-over-year number looks worse. Balances climbed 5.5% compared to the same period in 2024. […]