November 9, 2026

Budget, Credit Cards

Credit Card Balances Grow at a 14.5% Annual Rate as Prime Holds at 7.00%

A small fan of four plain unbranded payment cards rests on a dark walnut desk next to a folded paper billing statement and a pair of reading glasses, lit by warm late-afternoon window light from the left.

The Fed's G.19 release shows revolving credit grew at a 14.5 percent annual rate in September to $1,368.5 billion, with prime steady at 7.00 percent before the December vote.

Shelly Warding
November 9, 2026