Credit Card Debt Projected To Rise $26B In Q2
By CU Today Staff —
MIAMI—U.S. credit card debt is projected to have increased by $26 billion during the second quarter to an inflation-adjusted $1.36 trillion, according to WalletHub's latest Credit Card Debt Report estimates released ahead of new Federal Reserve data due Sept. 8.
The projected increase would be about 8% smaller than the rise recorded during the second quarter of 2025. Despite the latest growth, total balances would remain approximately 13% below their inflation-adjusted record.
WalletHub estimated the average household carried $11,286 in credit card debt at the end of the quarter, $2,166 below the record. The company noted that some balance-transfer cards currently offer introductory 0% annual percentage rates for as long as 21 months, although transfer fees may apply.
“The credit card debt situation isn’t great, but it could be a whole lot worse, considering everything going on in the world right now,” WalletHub Editor John Kiernan said. “We just need to keep things together through the holiday season, when year-over-year improvements often crash and burn.”
Originally reported by CU Today.