U.S. Credit Card Delinquencies Hit 13.12% in Q1, Highest in 15 Years
Updated
Updated · The Guardian · Jun 7
U.S. Credit Card Delinquencies Hit 13.12% in Q1, Highest in 15 Years
1 articles · Updated · The Guardian · Jun 7
Summary
13.12% of U.S. credit card balances were at least 90 days past due in the first quarter, New York Fed data released in May showed.
That rate is the highest in 15 years and the worst since the period after the 2008 financial crisis, underscoring mounting strain on some borrowers.
The report highlighted households struggling under heavy card debt even as credit cards remain a key source of short-term financing for many consumers and small businesses.
Federal Reserve survey data for 2025 showed credit cards were still the top financing source for small businesses, illustrating how the same tool driving stress also supports working capital and payments.