According to The Kobeissi Letter, as interest rates remain elevated, there is a notable increase in credit card delinquencies. The proportion of active credit card accounts making only the minimum payment has surged to 10.8% in Q3 2024, the highest level since 2012. Additionally, credit card accounts that are 30+ days delinquent have risen to 3.5%, marking a 10-year high. This data suggests potential risks for credit markets as consumers struggle with debt management.