Americans currently hold record high levels of debt, and a large portion of that debt comes from credit cards. But how do credit card debt statistics break down per household and how many Americans are really in trouble?

This is what average credit card debt looks like in the U.S. You can use this information to compare your own situation and see how you stack up.

Credit Card Debt by State


Alabama Average Credit Card Debt

  • 2018: $5,557
  • 2019: $5,672
  • Change: 2.10%

Alaska Average Credit Card Debt

  • 2018: $7,974
  • 2019: $8,026
  • Change: 0.70%

Arizona Average Credit Card Debt

  • 2018: $5,909
  • 2019: $6,053
  • Change: 2.40%

Arkansas Average Credit Card Debt

  • 2018: $5,298
  • 2019: $5,327
  • Change: 0.50%

California Average Credit Card Debt

  • 2018: $5,998
  • 2019: $6,222
  • Change: 3.70%

Colorado Average Credit Card Debt

  • 2018: $6,273
  • 2019: $6,416
  • Change: 2.30%

Connecticut Average Credit Card Debt

  • 2018: $6,893
  • 2019: $7,082
  • Change: 2.70%

Delaware Average Credit Card Debt

  • 2018: $6,176
  • 2019: $6,335
  • Change: 2.60%

District of Columbia Average Credit Card Debt

  • 2018: $6,896
  • 2019: $7,077
  • Change: 2.60%

Florida Average Credit Card Debt

  • 2018: $6,236
  • 2019: $6,460
  • Change: 3.60%

Georgia Average Credit Card Debt

  • 2018: $6,400
  • 2019: $6,569
  • Change: 2.60%

Hawaii Average Credit Card Debt

  • 2018: $6,441
  • 2019: $6,673
  • Change: 3.60%

Idaho Average Credit Card Debt

  • 2018: $5,102
  • 2019: $5,213
  • Change: 2.20%

Illinois Average Credit Card Debt

  • 2018: $6,112
  • 2019: $6,253
  • Change: 2.30%

Indiana Average Credit Card Debt

  • 2018: $5,174
  • 2019: $5,254
  • Change: 1.50%

Iowa Average Credit Card Debt

  • 2018: $4,685
  • 2019: $4,774
  • Change: 1.90%

Kansas Average Credit Card Debt

  • 2018: $5,719
  • 2019: $5,769
  • Change: 0.90%

Kentucky Average Credit Card Debt

  • 2018: $5,060
  • 2019: $5,140
  • Change: 1.60%

Louisiana Average Credit Card Debt

  • 2018: $5,712
  • 2019: $5,811
  • Change: 1.70%

Maine Average Credit Card Debt

  • 2018: $5,143
  • 2019: $5,442
  • Change: 5.80%

Maryland Average Credit Card Debt

  • 2018: $6,770
  • 2019: $6,946
  • Change: 2.60%

Massachusetts Average Credit Card Debt

  • 2018: $6,022
  • 2019: $6,213
  • Change: 3.20%

Michigan Average Credit Card Debt

  • 2018: $5,310
  • 2019: $5,399
  • Change: 1.70%

Minnesota Average Credit Card Debt

  • 2018: $5,367
  • 2019: $5,489
  • Change: 2.30%

Mississippi Average Credit Card Debt

  • 2018: $4,998
  • 2019: $5,134
  • Change: 2.70%

Missouri Average Credit Card Debt

  • 2018: $5,544
  • 2019: $5,601
  • Change: 1.00%

Montana Average Credit Card Debt

  • 2018: $5,383
  • 2019: $5,482
  • Change: 1.80%

Nebraska Average Credit Card Debt

  • 2018: $5,308
  • 2019: $5,423
  • Change: 2.20%

Nevada Average Credit Card Debt

  • 2018: $6,036
  • 2019: $6,220
  • Change: 3.00%

New Hampshire Average Credit Card Debt

  • 2018: $6,094
  • 2019: $6,235
  • Change: 2.30%

New Jersey Average Credit Card Debt

  • 2018: $6,907
  • 2019: $7,084
  • Change: 2.60%

New Mexico Average Credit Card Debt

  • 2018: $5,804
  • 2019: $5,851
  • Change: 0.80%

New York Average Credit Card Debt

  • 2018: $6,309
  • 2019: $6,491
  • Change: 2.90%

North Carolina Average Credit Card Debt

  • 2018: $5,732
  • 2019: $5,832
  • Change: 1.70%

North Dakota Average Credit Card Debt

  • 2018: $5,162
  • 2019: $5,265
  • Change: 2.00%

Ohio Average Credit Card Debt

  • 2018: $5,494
  • 2019: $5,560
  • Change: 1.20%

Oklahoma Average Credit Card Debt

  • 2018: $5,756
  • 2019: $5,848
  • Change: 1.60%

Oregon Average Credit Card Debt

  • 2018: $5,319
  • 2019: $5,498
  • Change: 3.40%

Pennsylvania Average Credit Card Debt

  • 2018: $5,735
  • 2019: $5,840
  • Change: 1.80%

Rhode Island Average Credit Card Debt

  • 2018: $6,042
  • 2019: $6,177
  • Change: 2.20%

South Carolina Average Credit Card Debt

  • 2018: $5,765
  • 2019: $5,938
  • Change: 3.00%

South Dakota Average Credit Card Debt

  • 2018: $5,131
  • 2019: $5,235
  • Change: 2.00%

Tennessee Average Credit Card Debt

  • 2018: $5,579
  • 2019: $5,668
  • Change: 2.00%

Texas Average Credit Card Debt

  • 2018: $6,596
  • 2019: $6,753
  • Change: 2.40%

Utah Average Credit Card Debt

  • 2018: $5,456
  • 2019: $5,600
  • Change: 2.60%

Vermont Average Credit Card Debt

  • 2018: $5,278
  • 2019: $5,466
  • Change: 3.60%

Virginia Average Credit Card Debt

  • 2018: $6,822
  • 2019: $6,969
  • Change: 2.20%

Washington Average Credit Card Debt

  • 2018: $5,998
  • 2019: $6,156
  • Change: 2.60%

West Virginia Average Credit Card Debt

  • 2018: $5,074
  • 2019: $5,144
  • Change: 1.40%

Wisconsin Average Credit Card Debt

  • 2018: $4,908
  • 2019: $4,961
  • Change: 1.10%

Wyoming Average Credit Card Debt

  • 2018: $5,754
  • 2019: $5,782
  • Change: 0.50%

If you have too much credit card debt, we can help. Talk to a certified credit counselor to find solutions today.

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How much credit card debt do Americans really have?

This can be a tricky question to answer because it depends on how you calculate average debt. You’ll notice some of the statistics below seem to disagree. For instance, the average balance per household and per borrower that we provide below are different. But it depends on which households and borrowers you include.

Not all Americans use credit cards. In fact, only about seven out of ten Americans have at least one card.[1] And for those households that use credit cards, may pay off their balances in full every month. That means they don’t carry balances. Only about 41% of households carry credit card debt over from month to month.[2] So, average credit card debt will differ based on which Americans you include in the calculation. If you include all Americans, it drives the average balance down, because it includes both people who don’t use credit and those that don’t carry balances.

Credit card debt statistics for American households

Statistics for household debt

  • Total amount American consumers owe in credit card debt (2019) — $444 billion[3]
  • The average amount owed by households that carry credit card debt (2019) — $6,849[3]

Credit card debt statistics per borrower

Personal credit card debt statistics

  • Average credit card debt per borrower in 2018 — $9,333[2]
  • Average credit card debt per borrower in 2017 — $10,821[2]
  • Average credit card debt per borrower in 2016 — $11,184[2]

 

Credit card interest rate statistics

Personal credit card debt statistics

  • Average national APR (annual percentage rate) on credit cards as of January 22, 2020 — 17.30%[4]
  • Average rate on low-interest credit cards — 14.10%[4]
  • Average penalty interest rate for credit cardholders who missed a payment — 26.11%[5]

Credit card debt for college studentsStudent credit card debt statistics

  • The average college student had 5 credit cards in 2019[6]
  • Only 60% of college students pay the full balance of their bill every month[6]
  • 22% of college students have paid a credit card bill late at least once[6]
  • Average balance of a student’s credit card for the latest month was $1,423 in 2019[6]
  • 23% of students replied “somewhat agree” or “strongly agree” to the statement that their credit card debts were out of control[6]

Other statistics related to unsecured debt

Statistics about unsecured debt

  • Average payday loan amount — $350 on a two-week term[7]
  • Average payday loan cost from storefront — $15 / $100 borrowed[8]
  • For a two-week loan, this is an APR of 391%[8]
  • Median online payday loan cost — $23.53 / $100 borrowed[8]
  • For a two-week loan, this is an APR of 613%[8]
  • Average auto title loan — Between $100 and $5,500[9]

Don’t let credit cards and other debts take control of your finance. Find solutions to regain stability.

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Article last modified on June 12, 2020. Published by Debt.com, LLC