Fair Isaac Corporation (FICO) has released its UK Credit Card Market Report for October 2025, revealing a decline in credit card spending ahead of the Christmas period. Spending dropped by 4.7% from September and 3% year-on-year, with the average credit card balance falling for the first time since May. Despite this recent decrease, average balances remain higher than in October 2024, indicating ongoing financial pressure among consumers. The report also notes that while the average credit limit increased to £5,910, accounts with three missed payments remain a concern. These insights are based on data from the FICO Benchmark Reporting Service, which aggregates information from UK card issuers utilizing FICO’s TRIAD Customer Manager solution.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fair Isaac Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251223034696) on December 23, 2025, and is solely responsible for the information contained therein.