Bloomberg is reporting that credit card spending is surging. According to a recent data from the Nilson Report, credit card spending surged 9.4% last year to a total of $3.5 trillion. It was also revealed that credit card delinquencies were on the rise as well. This was all bolstered by reports from the Federal Reserve that U.S. household debt climbed in Q4 of 2017 at the fastest pace since 2007.
