FICO UK Credit Card Market Report: May 2026
FICO's May 2026 UK Credit Card Market Report indicates a typical seasonal decline in spending and payment rates following Easter, but flags a worsening picture for delinquencies. Accounts with three missed payments increased 17.1% year-on-year, while average active balances remain 4.3% higher than in 2025. The data shows average spending fell 3.0% month-on-month to £790, though the percentage of overall balance paid improved by 4.7% in May. FICO advises lenders to maintain heightened monitoring as summer spending and rising fuel prices may exacerbate financial difficulty for vulnerable customers.
Key figures
- Spend mom
- -3.0%
- Spend yoy
- -0.1%
- Avg balance mom
- -0.3%
- Avg balance yoy
- 4.3%
- Payment rate mom
- 4.7%
- Payment rate yoy
- -4.1%
- Accounts overlimit
- 1.3%
- Delinquency 3 missed yoy
- 17.1%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.