Total Revolving Credit Outstanding

Banks, credit unions and finance companies held $1.36 trillion in revolving consumer credit in July 2026, the Federal Reserve's G.19 release shows, up from $1.31 trillion a year earlier. The seasonally adjusted balance was little changed from June 2026.

No month since the series began in 1968 shows a larger balance. That is a record in current dollars, not adjusted for inflation or population growth. The newest month is preliminary and is usually revised in the next release.

Revolving credit is a line you can borrow against up to a limit and repay over time. Most of it is credit card loans; overdraft lines and other revolving plans are in it too. Home equity lines are not, because the Fed leaves out anything secured by real estate. The balance includes cards paid off in full each month, so not all of it carries interest, and it counts dollars on lenders' books, not how many people owe them.

Changes here are differences between the published monthly balances, seasonally adjusted to remove the usual swings of the calendar. When the Fed reclassifies loans the balance can step with no change in borrowing: in December 2024 new bank reporting rules took securities-backed loans out. The Fed states its growth rates at an annual rate, so a month's rate in the release is not the change shown here.

The New York Fed and credit bureaus publish their own credit card balance totals from credit reports, and they differ from this lender-reported figure. Card interest rates are tracked on the credit card interest rate page, and the share of household debt balances that are behind on payments in the total delinquency rate. Neither shows why balances changed.