The American Bankers Association’s latest “Credit Card Market Monitor” report indicates that credit card use continued to rise during the second quarter of 2017, with monthly purchase volumes increasing across all risk tiers.
The October 2017 edition consists of credit card data recorded between April and June, taken from proprietary industry databases and publicly available government sources. It details information about various risk types, consumer purchasing behavior, debt-to-income ratios and distribution of different account types, among other information.
Find out what determinations the report revealed, based on available data.