Holiday on plastic: US credit card debt surged in December US credit card debt rose in December by largest amount in more than 2 decadesHow to use a credit card to reduce holiday shopping billsHow to use a credit card to reduce holiday shopping bills The Associated PressWASHINGTON -- Americans gave their credit cards a real workout this past holiday season. The overall December surge was led by a $12.6 billion increase in the category that includes credit cards. It was the biggest one-month gain in credit card debt since a $19.5 billion increase in April 1998. December’s jump came after a $2.9 billion decline in credit card borrowing in November. The surge in credit card borrowing in December was another sign that retailers had a good holiday shopping season, although a growing share of those purchases are going to on-line retailers rather than brick-and-mortar stores.

Source: ABC News February 07, 2020 20:37 UTC