Credit card demand remains robust, rejections rise: New York Fed.

According to a report from the Federal Reserve Bank of New York, credit card demand remains strong, with a higher rate of consumers applying for credit cards compared to previous years. However, the rejection rate for credit card applications has also increased. The report also highlights an increase in the financial fragility of U.S. households, with a decrease in the ability to cover unexpected expenses. Credit card issuers have seen an increase in delinquencies and charge-offs, indicating that some consumers are struggling to make their credit card payments. [Extracted from the article]