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
Historical Trend
AI Analysis
Today's credit card delinquency rate stands at 2.9%, remaining flat over the past month with no change from the historical readings since March 11, 2026. This persistent level indicates elevated consumer stress, as it hovers near the threshold of 4%, which signals significant recession risk should it rise further. The lack of movement suggests that while the immediate risk of a spike is contained, the ongoing elevated rate reflects underlying financial strain among consumers.
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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