According to The Kobeissi Letter, serious delinquency rates in US credit card debt have reached approximately 7% in Q4 2024, marking the highest level in 14 years. This surge represents a doubling of rates over the past three years, attributed to inflationary pressures affecting American consumers. Such increases in delinquency rates are critical for investors monitoring consumer credit health, as they can impact the profitability of financial institutions and potentially influence broader market conditions.

According to Michaël van de Poppe, he experienced inconvenience with his credit card payment due to a 'rebalancing' day, which involves deducting outstanding funds from his bank account. This process rendered his credit card unusable for the entire day. He criticized the traditional banking system for being outdated.