Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
What is the average credit card debt or balance? I think we've talked about this before in a different thread but I'll start a new one on it anyway.
This is interesting. Plastic Economy, which tracks over $17,000,000 in credit card debt published this information for average balances by issuer. The numbers also included the average credit utilization. This is a number based only on the people that use their site so I wouldn't say it's accurate over the entire population (since the people not in debt probably wouldn't use their service) but here are the numbers based on the people that do. I do think that is probably a good reflection on the average person that does have credit card debt.
Chase, $4145.5, 73.13%
Capital One, $2953.57, 57.53%
Discover, $3558.2, 57.14%
Bank of America, $4896.1, 54.33%
American Express, $5350.82, 51.99%
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred