U.S. credit card balances reached $1.28 trillion by the end of the fourth quarter, marking a $44 billion increase in debt over the three-month period, according to the Federal Reserve Bank of New York.

U.S. credit card balances reached $1.28 trillion by the end of the fourth quarter, marking a $44 billion increase in debt over the three-month period, according to the Federal Reserve Bank of New York.