Consumer credit decreased at an annual rate of 3-1/2 percent in February 2009. Revolving credit decreased at an annual rate of 9-3/4 percent, and non revolving credit increased at an annual rate of 1/4 percent.FED Report
Fiscal stimulus and Quantitative Easing techniques are still not working.
The spread between revolving and non-revolving credit, has to do with the bank's unwillingness to refinance loans in this still sensitive economic time.
Also, credit card issues have been going up, just slightly. Credit card payments, are, for the most part, due at the end of the month in full.
Companies handing out the plastic to their employee's for basic petty company services and unemployment benefits to persons, as a result of companies issuing credit cards over cash for unemployed persons, are first choices over handing out cash.
Also, bank's want their payments immediately, rather than let their credit be outstanding, to increase their liquidity and allow them to continue lending, at any level.