Credit-Card Debt Keeps Falling. Banks Are On Edge. - WSJ

Now, even as Americans return to spending on their credit cards, they are continuing to pay down their card balances. That signals many borrowers are faring well even during the pandemic. But many card issuers rely on growing card usage and balances for their revenue, and they are wondering if the pandemic trends will turn into a long-term shift.

Poor banks! Their margins are getting squeezed!! Let’s all run up our credit cards at 16% interest while they pay us .05% on our deposits so we can help them get through these very tough times.