How Many Credit Cards do you Own?

CreditBank CREDIT 1234 5 1234 00/60 CARD' 09/0 How Many Credit Cards Do You Own? 1 AMERICANS & THEIR CREDIT CARDS 176.8mil 3.5 20.8yrs Credit Card Users ------- --- I---- ▬▬▬▬- -▬▬-- CREDIT CARD CREDIT CARD Aug. Number of Credit Cards Per U.S. Adult Aug. age which a U.S. consumer gets first credit card I▬▬-- ▬▬-- ▬- ------ ------I----- I-▬▬▬-- I-▬---- I---- 54%/ I--- I----- I---- I----I $14.8K DO $4.9K Aug. Credit Card Debt Per Household pay monthly balances in full Aug. Credit Card Debt Per U.S. Adult ----- --- SIGNS YOU HAVE CREDIT CARD DEBT2 01 You're only paying the minimum monthly payment. You use credit cards to pay 02 for every day purchases. 03 Most of your credit cards are maxed out. 04 4 You're often late paying your 05 You spend more than you earn. 3 INTEREST RATES/APR'S I I- ---- I- ---- I--- I---- ---- Average Credit Card Rates %24 %24 СТЕС сило 17.12% 15.6% 13.02% fixed-rate overall market variable-rate Different Types of APR's PURCHASE CASH ADVANCE BALANCE TRANSFER PENALTY ATM 24 hours Rate charged for cash aduances, Rate charged on balance transfers. Rate charged on any delinquent interest charges. Standard type of interest rate. It is ATM withdrawals commonly charged on store purchases, bill payments, travel, entertainment. and certain interbank transfers. --- ---- ---- ---- ----- ---- --- --- --- ---- ---- --- I---- I--- I--- ---- I-- I--- ---- ---- I--- I--- --- www.advantageccs.org Advantage f CREDIT COUNSELING SERVICE -- ---- ---- ---- ---- --- ----- ----- ---- ----- ---- ----- ---- ---- - -- ----- ---- ----- ---- ---- ----- ----- Sources http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/, http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php, http://blog.unibulmerchantservices.com/tag/credit-card-statistics/, http://www.lovemoney.com/news/debt/debt/4105/the-top-10-warning-signs-of-debt, http://www.youngadults.tomorrowsmoney.org/Templates/yp/Content.aspx?id3D2167, http://www.bankrate.com/finance/credit-cards/rate-roundup.aspx, http://www.debt.org/credit/cards/interest/ 456