The Federal Reserve released its latest Consumer Credit report today at 3 p.m. WalletHub’s inflation-adjusted analysis of the data reveals that consumers added $16 billion in credit card debt during the third quarter of 2025. Key highlights from WalletHub’s new Credit Card Debt Study are outlined below.
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Q3 Improvement: At $16 billion, the increase in credit card debt during Q3 2025 was around 27% smaller than the increase in Q3 2024.
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Debt Is Well Below the Peak: Total credit card debt as of Q3 was roughly $1.33 trillion on an inflation-adjusted basis, which was about 13% below the record high.
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Household Debt Has Some Breathing Room: The average household credit card balance was around $11,019 at the end of Q3 2025, after adjusting for inflation. That’s $2,065 below the record high.
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Early Q4 Returns: Preliminary data for October shows a 0.2% decrease in credit card debt compared to the same month last year.
- Best Balance Transfer Credit Cards: The best balance transfer credit cards currently offer 0% APRs for up to 24 months, with no annual fees and low balance transfer fees.
See the complete findings of WalletHub’s Credit Card Debt Study.