Card usage volumes in the U.S. jumped sharply in the second quarter of the year after the seasonally weak showing in the first quarter, with steady improvements in the country's economic conditions driving overall spending. While there has been a notable increase in card balances over recent quarters, the fact that charge-off rates have remained steady indicates that the growth in payment volumes has not come at the price of increased credit risk for card lenders.
Card usage volumes in the U.S. jumped sharply in the second quarter of the year after the seasonally weak showing in the first quarter, with steady improvements in the country's economic conditions driving overall spending. While there has been a notable increase in card balances over recent quarters, the fact that charge-off rates have remained steady indicates that the growth in payment volumes has not come at the price of increased credit risk for card lenders.
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