This year, the credit card market was characterized by sign-up perks worth hundreds of dollars, increased credit availability and a return to dangerous overspending. So, what could 2014 possibly have in store?

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The economy is expected to continue to improve, but consumers are still expected to take on $45 billion in new credit card debt according to

"People generally expect 2014 to be what 2013 should've been without the congressional infighting and things that derailed the economic recovery. So, we expect to see some fairly substantial gains from the economy in 2014 and that stands to impact consumers in their wallets, particularly where it relates to credit cards," said John Kiernan, senior analyst at

"One area where we expect to see change is in the zero percent credit card offers. While interest rates are expected to remain low as a result of the Federal Reserve policy to spur the economic recovery, we believe the zero percent credit card offers will slowly fade away because most of the people who came out of the recession with a great deal of debt and with the high credit scores that it takes to get one of the zero percent cards will have likely already done so."

What else will the new year hold for consumers when it comes to credit cards?:

  • Consumers will rack up $45 billion in new credit card debt
  • Consumer Credit Scores Will Continue to Improve
  • Credit Availability will Increase
  • Rewards will Continue Being Offered

"We'd like to think that people are more aware of the ramifications of allowing debt to get out of control and things have improved year over year. We're building up less debt in the quarters where we tend to incur new debt and we're paying down more in the quarters where we tend to see a pay down, but things aren't exactly on the course where we want them just yet. We want to see people pay down more debt rather than increasing it at a slower rate," said Kiernan.

"While the zero percent interest rates have, for the most part, served their intended purpose, credit card companies are still able to attract new customers with lucrative rewards bonuses and offers, so we expect those to continue," said Kiernan.

"When it comes to credit scores, we expect them to continue improving as more and more people have jobs and the means to pay their bills. When people are able to do that, there is less pressure on banks and they, in turn, are able to offer more credit. So, this goes hand in hand."