U.S. credit card balances grew 6.6 percent in the second quarter of 2018, compared to the same period in 2017, according to new Experian data. The total balances for credit cards increased to $782 billion in the second quarter, up from $734 billion in Q2 2017.
South Dakota, North Carolina, and Kentucky saw the greatest year-over-year growth in the first quarter in the number of new credit card accounts. Every state saw the number of new credit card account grow in the second quarter of 2018 compared to last year.
Some states are seeing their credit card debt surge more than others, with Nevada and Florida taking the lead in plastic debt increases. Here are the states that have seen the most and least growth in credit card debt, based on Experian’s data for the first quarter.
Here are the states that have seen the most and least growth in credit card debt, based on Experian’s data for the first quarter.
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