American credit card debt has hit a record $1.0217 trillion, according to the Federal Reserve. The previous record was set a decade ago ahead of the 2008 financial crisis.

American are clearly spending more, and yet retailers like Macy's (M - Get Report)  and J.C. Penney (JCP - Get Report) continue to struggle, closing multiple stores every year. Is Amazon (AMZN - Get Report) the one cashing in or are you swiping your card for something else?  

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Editors' Note: Originally published on August 10, 2017.