Credit Card Serious Delinquency Rate Nearly Doubles to 12.8% Since 2022

The share of US credit card debt over 90 days past due rose from 7.6% in late 2022 to 12.8% in early 2026, the New York Fed reports — even as overall household delinquency edged down to 4.7%. The divergence reflects stress concentrated among subprime borrowers, masked by the mortgage-dominated aggregate. CNBC calls it a persistent "K-shaped divide."