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FICO UK Credit Card Market Report: April 2025

LONDON, June 26, 2025--The usual seasonal spending increase in April was evident in the latest data from global analytics software leader FICO, following a post-Christmas dip. However, spend was slightly lower year-on-year, reflecting continued financial pressures. The proportion of balance paid has also been trending downwards so far in 2025, and in April was 6.2% lower year-on-year. Combined with the impact of inflation, this meant balances were 4.9% higher than April 2024.

articleFair Isaac CorporationJune 26, 20255/company/fair-isaac-corporation/news/fico-uk-credit-card-market-report-april-2025
FICO UK Credit Card Market Report: April 2025

About this update from Fair Isaac Corporation

[{"type":"text","content":"Financial pressures remain evident as spending falls and average balances increase","length":82,"tagName":"p","attribs":{}},{"type":"text","content":"LONDON, June 26, 2025--(BUSINESS WIRE)--The usual seasonal spending increase in April was evident in the latest data from global analytics software leader FICO, following a post-Christmas dip. However, spend was slightly lower year-on-year, reflecting continued financial pressures. The proportion of balance paid has also been trending downwards so far in 2025, and in April was 6.2% lower year-on-year. Combined with the impact of inflation, this meant balances were 4.9% higher than April 2024.","length":497,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Spending rose in April by 11.8% month-on-month, to £825 but was 0.5% down year-on-year","length":86,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Average balances rose by 1.5% on the previous month and 4.9% on the previous year, to £1,875","length":92,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Customers missing one credit card payment fell 22.1% month-on-month","length":67,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The average balance of accounts missing one payment is £2,325, 4.9% higher than April 2024","length":90,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The average balance for accounts with two and three missed payments was also significantly higher year-on-year, at 6% and 6.3% respectively","length":139,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The percentage of customers using credit cards to take out cash increased by 2.8% month-on-month after seven consecutive decreases, standing at 2.9% in April","length":157,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":631,"olType":false},{"type":"text","content":"FICO Comment:","length":13,"tagName":"p"},{"type":"text","content":"The picture for April reflects the continued pressure on household finances as overall credit card balances track higher year-on-year and average delinquent balances do the same.","length":178,"tagName":"p"},{"type":"text","content":"April typically sees an increase in spend after the post-Christmas fall and this year was no exception, increa...

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