The Above infographics shows the State of Credit Cards in US n 2010, the US census bureau is reporting that U.S.citizens have over $886 billion in credit card debt and that figure is expected to rise to $1.177 trillion this year. The Data also shows the different options available on Balance Transfer Rates
i. The Average credit card debt per household
with credit card debt: $15,799*
iii. There are around 609.8 million credit cards
held by u.s. consumers. (source: "the survey of consumer payment
choice," (federal reserve bank of boston, january 2010)
iv. The average apr on new credit card offer:
14.89 percent (source: creditcards.com
weekly rate report, july 20, 2011.)
v. The total u.s. revolving debt (98 percent of
which is made up of credit card debt): $793.1 billion, as of may 2011 (source: federal reserve's g.19 report on consumer credit,
released july 2011)
vi. The Total u.s. consumer debt: $2.43 trillion,
as of may 2011 (source: federal reserve's g.19 report on consumer credit,
released july 2011)
vii.
The US credit card 30-day delinquency rate: 3.3
percent. (source: moody's, may 2011)
The Total cards in circulation in United States. (data as of 2010)
viii. American express credit: 48.9 million (source:
americanexpress.com)
ix. Mastercard credit: 171 million (source:
mastercard)
x. visa credit: 269 million, as of sept. 30,
2010 (source: visa)
The Highest state
average credit card debt:
- Alaska at $7,665
- Tennessee at $7,054
- Nevada at $6,517.
The Lowest state
average credit card debt:
- Iowa at $4,247
- North Dakota at $4,417
- South Dakota at $4,633
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