Americans Still Owe $1.25 Trillion on Credit Cards as Interest Tops 23%: Experts Say This One Call Helped Over 80% of Borrowers Get a Lower Rate

Credit card debt is the kind of money problem that can look manageable until the interest starts doing the work.

New York Fed data show credit card balances stood at $1.25 trillion in Q1 2026 after a seasonal decline from the previous quarter. Good Morning America tied that number to household budget pressure and offered practical advice for borrowers trying to lower the cost of carrying balances.