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TransUnion reports that as of the second quarter of 2024, the average credit card balance was $6,329. That's a pretty notable increase from a year prior, when the average credit card balance was ...
(The Center Square) - A new study of Americans credit card debt finds the average household credit card balance as of the third quarter of 2024, was around $10,757 after adjusting for inflation.
Learn about a credit card’s outstanding balance vs. a ... can also include any credit card interest and fees that have accrued. ... shows that the average credit card balance in the U.S ...
According to data from Experian, the average credit card balance in the third quarter of 2023 was $6,501, up from $5,910 in 2022. ... If the credit card company charges a 5% balance transfer fee ...
According to TransUnion, the average credit card borrower owed $6,380 in the third quarter of 2024 — up from $6,088 one year ago and $4,869 three years ago. The number of Americans carrying ...
The average credit card APR is about 23%, according to November 2023 Federal Reserve data, which means the average $6,501 balance would accrue about $112 in interest each month.
Key credit card debt statistics. Average credit card balance in 2023: $6,501. Average credit utilization rate in 2023: 30% Average number of credit cards in 2021: 3.84
That’s 5.8% higher than it was a year ago.Taking a closer look, in June 2024, 50% of credit card holders say they carry a balance month to month, a Bankrate survey found 2. That’s up from 44% ...