2 in 3 Credit Cards Carry Revolving Balance, CFPB Study Finds

A recently released CFPB study found that two-thirds of actively used credit card accounts don't pay off the full balance at the end of the billing cycle. Those accounts that carry a revolving balance do so continuously for 10 months on average; 15 percent revolve continuously for two years or more.

The CFPB report, "Data Point: Credit Card Revolvers," uses data from the bureau's credit card database, specifically a sample of large banks' credit card portfolios between April 2008 and April 2016. It "focuses on the duration of credit card indebtedness and the manner by which credit card debt is repaid."