Americans have been using their credit cards more than ever this summer. Revolving credit went up by 9.7% in July compared with a year earlier, according to the Federal Reserve. After months of moderating borrowing for most of 2025, the sudden spike shows that many people are increasingly depending on debt to help cover everyday costs. Revolving vs. Non-Revolving Debt The Fed breaks consumer credit into two main categories: revolving credit, such as credit cards, and non-revolving credit like auto loan ...