Americans reduced their credit card debt marginally in January, likely a result of both winter storms and expiring unemployment benefits.

Revolving debt, 98 percent which includes credit card debt, fell at a seasonally adjusted annual pace of 0.3 percent in January, according to the Federal Reserve's G.19 Consumer Credit report. The category decreased by an estimated $226 million, following a $3.1 billion increase in December 2013.

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