Consumers accelerating their credit card spending

[sweeps]

Consumers boosted their borrowing in May, mostly reflecting heavy credit card use to finance their purchases...

The increase was led by much stronger demand for a category called revolving credit, which is primarily credit cards. Use of revolving credit rose at a 7.1 percent pace in May, a month where a flow of tax rebates helped to energize consumer spending.

Ka-ching! Consumers borrow mostly on credit cards - Yahoo! News