Payment Card News

Feb Debt

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Revolving consumer credit debt continue to hover at the $800 billion level in February as Americans added $800 million from the prior month. On an annual basis, revolving consumer credit, mostly credit card debt, grew by a rate of 1.2%. According to data released Friday by the Federal Reserve, total revolving credit stood at $803.9 billion at the end of February, compared to a revised $803.1 billion for January and a revised $800.9 billion for December. The revised annual rate of growth for January was 3.3%, and -0.8% for December. Bank credit card debt (excluding store and gas credit cards) at the end of the fourth quarter was $710.9 billion or roughly 88% of total revolving credit, according to CardData (www.carddata.com). At the end of February, Americans were $2163.9 billion in debt, excluding home mortgages.

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|_7. REVOLVING CREDIT HISTORICAL ($billions) |
|_. | Feb 06 | Jan 06 | Dec 05| Nov 05| Oct 05| Sep 05 |
|_. GRWTH: | 1.2% | 3.3 | -0.8 | 1.6 | -1.5 | 6.1 |
|_. $OWED: | $803.9 | 803.1 | 800.9 | 802.8 | 801.4 | 801.3 |
|_7. Source: Federal Reserve; revised figures as of 4/7/06; |
|_7. For complete historical data, visit CardData (www.carddata.com) |

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