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November 22, 2011

The Credit Cards Numbers in USA: The Story in Charts


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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