Credit Card Delinquency Rate
Monitor U.S. credit card delinquency rates. At their highest since the Great Financial Crisis, rising delinquencies signal broad consumer financial stress.
Current Value
Trigger Level: >4% = GFC-level consumer stress
AI Analysis
As of February 22, 2026, the credit card delinquency rate stands at 3.0%, indicating rising stress among consumers. This elevated level is a warning sign, as it approaches the threshold of 4%, which would signal a level of consumer stress comparable to the Global Financial Crisis. The increasing trend suggests heightened recession risk if this rate continues to climb.
What is the CC Delinquency?
The credit card delinquency rate measures the percentage of credit card balances that are 30+ days past due across all U.S. commercial banks. Released quarterly by the Federal Reserve, it directly reflects consumer financial health.
Why It Matters for Recession Risk
Rising credit card delinquencies are a canary in the coal mine for consumer stress. When households can't make minimum payments, it signals income pressure that will eventually reduce spending — the engine of 70% of GDP.
Historical Context
Credit card delinquencies reached 6.8% during the 2008 crisis. Current rates above 4% have risen to the highest since the GFC and are broad-based across income levels, suggesting systemic consumer stress.
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