US Credit Card Delinquencies Hit 12.92% in Q2, Nearing 2011 Highs
Updated
Updated · Crypto Briefing · Aug 25
US Credit Card Delinquencies Hit 12.92% in Q2, Nearing 2011 Highs
3 articles · Updated · Crypto Briefing · Aug 25
Summary
12.92% of US credit card balances were at least 90 days delinquent in Q2 2026, barely below Q1’s 13.1% and close to the 13.7% peak reached in early 2010.
About $1.26 trillion in revolving card debt is outstanding, and overdue balances have surged from roughly 7.6% in 2022 as persistent inflation and card rates above 25% squeezed borrowers.
The strain is concentrated even as total household debt edged down to $18.8 trillion, with renters and lower-income households hit harder than homeowners who benefited from rising asset values.
NY Fed figures look far worse than bank-reported data because they capture the full credit universe—including subprime and charged-off accounts—while banks reported a 2.92% 30-day delinquency rate in Q1.
A slight Q2 dip may reflect spring tax-refund seasonality, leaving Q3 and Q4 data key to judging whether delinquencies have plateaued or will challenge post-crisis highs again.