Revolving Consumer Credit
Revolving consumer credit is the part of the Fed's G.19 consumer credit total that households can borrow, repay and borrow again: almost entirely credit card balances, plus overdraft lines. It excludes auto, student and other installment loans and all mortgages. The total on the Consumer Credit page adds the nonrevolving loans to it.
After inflation: 0.0% (August 2026, CPI-adjusted)
YoY %
- Outstanding ($)
- $1.35T
Next release: Nov 6, 2026
Latest reading
As of August 2026, Revolving Credit (YoY %) stands at 3.4% — down from 3.6% the prior reading, 27.2 pp below the February 1985 record of 30.5%. After inflation, revolving balances were flat over the year to August 2026. The nominal record is $1.36T (July 2026). In August 2026 dollars the February 2008 peak was higher, at $1.59T, so the latest reading ($1.35T, August 2026) is 15% below the inflation-adjusted record. Revolving balances grow with spending as well as with borrowing, because a card balance includes purchases that will be paid in full. Growth well ahead of incomes, or real growth that holds up while wages lag prices, points to households carrying more month to month. Read it with the card interest rate: the cost of carrying these balances is roughly the balance times that rate. Series history runs from 1977 to present.
Sources, methodology & freshnessFederal Reserve G.19 via FRED (REVOLSL), monthly, seasonally adjusted · Monthly, with every releaseData as of 2026-08-01 · Open ↓Close ↑
Full history
Year-over-year %
Revolving credit outstanding ($)
Revolving consumer credit outstanding, mostly credit card balances, in dollars.
Real revolving credit growth
Revolving credit after CPI inflation, against the same month a year earlier. Below zero, balances lost ground to prices.
Deflated by CPI-U (BLS), matched by month; the latest months appear once CPI is published.
Real revolving credit (August 2026 dollars)
Revolving credit outstanding restated in August 2026 dollars, so every past reading buys the same basket as today.
Deflated by CPI-U (BLS), matched by month; the latest months appear once CPI is published.
Methodology & data
Revolving Credit is sourced from Fed via the Federal Reserve's FRED service (Federal Reserve G.19 via FRED (REVOLSL), monthly, seasonally adjusted). We pull the complete history, chart it on a monthly basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date. Latest observation 2026-08-01; site refreshed 2026-10-09. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the Revolving Consumer Credit?
Revolving consumer credit is the part of the Fed's G.19 consumer credit total that households can borrow, repay and borrow again: almost entirely credit card balances, plus overdraft lines. It excludes auto, student and other installment loans and all mortgages. The total on the Consumer Credit page adds the nonrevolving loans to it.
How do you read Revolving Credit?
Revolving balances grow with spending as well as with borrowing, because a card balance includes purchases that will be paid in full. Growth well ahead of incomes, or real growth that holds up while wages lag prices, points to households carrying more month to month. Read it with the card interest rate: the cost of carrying these balances is roughly the balance times that rate.
Where does the Revolving Credit data come from?
Federal Reserve G.19 via FRED (REVOLSL), monthly, seasonally adjusted. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/revolving-credit.csv.
How often is Revolving Credit updated?
Revolving Credit is a monthly series from Fed, refreshed here as soon as a new release posts to FRED.
After inflation: 0.0% (August 2026, CPI-adjusted)
YoY %
- Outstanding ($)
- $1.35T
Next release: Nov 6, 2026