Credit Card Use Set For Record High By 2018: Report

| |

"This is a worrying number of cards in circulation, because it has the potential to create too much bad debt that consumers can't get out of," said finder.com's Michelle Hutchison.

Finance website finder.com reported on Monday that "if the current growth rate of credit cards continues, the number of cards in circulation" in the United States "will reach 454 million by the end of this year, and hit the peak of GFC [global financial crisis] levels by the second quarter of 2018, at 495.8 million cards."…

Marketnomics (NMM Pro)

Market News Algo