UK credit card balances hit record high as repayments fall and late payments surge

Macro
โดย Business Wire·Read original
Summary · why it matters

UK credit card balances returned to a record high in April 2026 as spending rose and repayments fell, according to data from analytics firm FICO. Average active balances increased 1.3% month-on-month to £1,950, matching the peak reached in December 2025, while the percentage of overall balance paid dropped for the third consecutive month to 32.6%. Spending climbed 10% month-on-month to an average of £815, but remained 1.3% lower than a year earlier. The percentage of customers missing two payments rose 16.3% year-on-year, and those missing three payments jumped 17.3% year-on-year, the largest annual deterioration across any delinquency category. Overlimit accounts surged 14.1% month-on-month and 4.6% year-on-year, with average overlimit spend at £95, up 5.5% from the previous year.

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