According to Fed consumer credit data, in June, revolving credit...

According to Fed consumer credit data, in June, revolving credit increased at an annual rate of 22% to $992.2B, while nonrevolving credit increased at an annual rate of 7.2% to $3.33T, and total consumer credit increased at an annual rate of 11% to $4.32T. Q2 was exceptionally strong with total consumer credit increasing by $93.3B or an 8.5% annualized rate (revolving credit +$25.8B driven by credit card spend and nonrevolving credit +$67.5B driven by auto-lending)

who said Credit Cards usage is going down