Americans are applying for credit cards at a rate not seen since before the pandemic. Nearly 27% of U.S. consumers said in October that they had applied for a credit card in the past 12 months, which is a sharp increase from the record low of 16% recorded a year ago. Despite the new Omicron variant of the coronavirus and supply chain issues, the rebound in credit card applications suggests that Americans may just be on their way back to more normal times.
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