The news: Credit card delinquencies rose on a quarterly and yearly basis in Q4, per the Federal Reserve.
- The 30-day delinquency rate was 8.96% in Q4 2024, compared with 8.79% in Q3 and 8.52% in Q4 2023.
- The 90-day delinquency rate was 7.18% in Q4, compared with 7.10% in Q3 and 6.36% the prior year.
Credit card balances totaled $1.21 trillion in Q4, up $45 billion from Q3.