MIAMI–At the same time NCUA has released new quarterly performance data for credit unions and expressed its concerns around credit card delinquencies, a new analysis offers insights into which cities are seeing the largest decreases in credit card limits.
The study, released by WalletHub, measures the differences in credit limits in Q1 2024 vs. Q1 2023. The company said it compared the average change in credit limit per resident in 100 of the largest U.S. cities over the past year, using its proprietary data.
As seen in the chart, the largest decreases in the country have come in Irvine, Calif., Richmond, Va. and Norfolk, Va. (Chesapeake, Va. also makes the list). The smallest credit limit decreases took place in Phoenix and Glendale, Ariz., followed by St. Louis.
The full study can be found here.
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