UNDATED – The personal-finance company WalletHub today released its latest rankings of the States With the Largest & Smallest Credit Card Debt Increases, based on newly released data from the Federal Reserve.
South Dakota Stats
- Increase in South Dakota Debt: The average credit card debt in South Dakota increased by $64,621,693 in Q2 2025.
- Average South Dakota Household Debt: The average household in South Dakota owes $9,483 in credit card debt.
- South Dakota Rank: South Dakota’s credit card debt increase ranks as the 4th lowest in the nation.
National Stats
- Q2 Results: At $28 billion, the increase in credit card debt during Q2 2025 was around 21% smaller than the increase in Q2 2024.
- Debt Is Well Below the Peak: Total credit card debt as of Q2 was roughly $1.32 trillion on an inflation-adjusted basis, which was about 13% below the record high.
- Household Debt Has Some Breathing Room: The average household credit card balance was around $10,951 at the end of Q2 2025, after adjusting for inflation. That’s $2,062 below the record high.
- Early Q3 Returns: Preliminary data for July shows a 0.4% increase in credit card debt compared to the same month last year.
- Best Balance Transfer Credit Cards: The best balance transfer credit cards currently offer 0% APRs for up to 24 months, with no annual fees and low balance transfer fees.