Value of revolving credit outstanding in the U.S. 1995-2023

The value of revolving credit outstanding in the United States increased in most years between 1995 and 2023, albeit with some fluctuations. In 2023, the revolving credit outstanding in the United States amounted to just over a trillion U.S. dollars, decreasing from the roughly 1.08 trillion U.S. dollars reached in 2019. Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to an installment credit. The most common examples of revolving credit used by consumers are credit cards, although some credit cards are non-revolving, i.e. require users to pay off the full balance at the end of each month.