Credit card limits increase by $115 billion, delinquency rate eases

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U.S. credit card limits increased by $115 billion, while the share of delinquent balances edged down from the previous quarter; credit card balances rose by $22 billion in the third quarter to about $1.29 trillion. The Federal Reserve Bank of New York’s analysis by origination year found that credit cards issued from 2020 to 2022 once accounted for a larger share of newly delinquent balances 90 or more days past due, but that contribution has declined as their share of active accounts has shrunk.