The personal-finance company WalletHub today released its latest rankings of the States With the Largest & Smallest Credit Card Debt Increases, based on newly released data from the Federal Reserve.
North Carolina Stats
- Increase in North Carolina Debt: The average credit card debt in North Carolina increased by $849,217,815 in Q2 2025.
- Average North Carolina Household Debt: The average household in North Carolina owes $10,672 in credit card debt.
- North Carolina Rank: North Carolina’s credit card debt increase ranks as the 10th highest in the nation.
National Stats
- Q2 Results: At $28 billion, the increase in credit card debt during Q2 2025 was around 21% smaller than the increase in Q2 2024.
- Debt Is Well Below the Peak: Total credit card debt as of Q2 was roughly $1.32 trillion on an inflation-adjusted basis, which was about 13% below the record high.
- Household Debt Has Some Breathing Room: The average household credit card balance was around $10,951 at the end of Q2 2025, after adjusting for inflation. That’s $2,062 below the record high.
- Early Q3 Returns: Preliminary data for July shows a 0.4% increase in credit card debt compared to the same month last year.
- Best Balance Transfer Credit Cards: The best balance transfer credit cards currently offer 0% APRs for up to 24 months, with no annual fees and low balance transfer fees.
Please let me know if you have any questions or if you would like to arrange a phone, video or in-studio interview with one of WalletHub’s experts. Feel free to embed this YouTube video summarizing the study on your website. Full data sets for specific states are also available upon request.
