Credit Card Debt Rose by $1.95 Billion in March

May 7, 2011, Written By Bill Hardekopf
Credit Card Debt Rose by $1.95 Billion in March

Credit card debt increased in March for only the second time since August 2008. Revolving credit, which is credit card debt, rose 2.99%, increasing by $1.95 billion, according to the Federal Reserve.

The government recently reported gains in payroll. Americans may be shopping and charging more as they have more money to spend.  They may also be charging gas as pump prices rise.

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The information contained within this article was accurate as of May 7, 2011. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Bill Hardekopf

Bill Hardekopf is the CEO of and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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