Subprime Credit Consumers Continue Paying Down Credit Cards
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AI-assisted source synthesis · not an independent investigation.
On October 26, 2026, PYMNTS reported that although 55% of subprime credit consumers struggle to pay their bills, most cardholders still pay at least the minimum amount due on their credit cards. Synchrony data showed that its non-prime customers’ payment rate rose 40 basis points from the previous quarter, with an overall payment rate of 16.9%, though some customers continue to face affordability pressures. Meanwhile, borrowers with credit scores below 660 accounted for 18.5% of new credit cards issued by major banks; the median credit limit on these new accounts was $600. The report showed that subprime consumers continue to make payments, but their ability to pay is under pressure.
AI-written from reports · updated 2 hours ago
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- PYMNTSSubprime consumers continue to pay their credit cards amid budget pressures
Although 55% of subprime consumers struggle to pay their bills, most cardholders still make at least the minimum payment on their credit cards. Synchrony’s subprime customer repayment rate rose 40 basis points from the previous quarter, with an overall repayment rate of 16.9%, but some customers continue to face affordability pressures. Borrowers with credit scores below 660 accounted for 18.5% of new credit cards issued by large banks, and the median new credit limit was $600.
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