40 million fewer active credit card accounts than five years ago

“There are still at least 40 million fewer credit card accounts active in the marketplace than what we observed just five years ago,” said Ezra Becker, vice president of research and consulting at TransUnion’s financial services business unit.

Credit card debt in December 2013 stood at $861.9 billion, a whopping 15.7 percent below its peak above $1 trillion reached in July 2008, according to the Fed.

 

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