Emphasis mine:
The first three quarters of 2022 have seen a rapid increase in credit card balances, after they contracted sharply during the early part of the COVID pandemic. The chart below depicts the year-over-year percent change in credit card balances—the 15 percent increase seen in the third quarter of 2022 towers over the last eighteen years of data.
For some added context:
(H/T: NY Federal Reserve via UnusualWhales)