The latest credit card market data from analytics software leader Fair Isaac Corporation (FICO) reveals a rise in consumer spending and a decline in payments to balance, contributing to an increase in average credit card balances. Spending increased by 4.6% month-on-month to £825, although it was 1.4% lower compared to June 2024. Average balances rose to £1,885, marking a 1% increase from May and a 4.6% year-on-year rise. The percentage of payments to balance dropped by 2.1% month-on-month and 5.7% year-on-year. While the number of customers missing one and three payments decreased month-on-month, those missing two payments saw an increase compared to May. Additionally, cash spending on credit cards grew by 2.8% month-on-month. The data highlights concerns for lenders, as consumer confidence in the UK economy appears to be lacking, and financial pressures persist in households.