National consumer data firm TransUnion reported credit card balances grew by 5% in 2014, their strongest growth since 2008.
According to TransUnion's numbers, 157 million consumers had access to a credit card as of the fourth quarter of 2014. This was an increase of roughly seven million consumers from the same period in 2013.
TransUnion said it attributed the growth to more cardholders rather than more card use. The firm did not provide a total dollar amount for balances in 2014.
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