Some very interesting Credit Card Facts and Statistics.
Americans collectively are predicted to hold $1.177 trillion in credit card debt in 2011; and, one in seven Americans hold more than 10 cards. This indicates that not only are Americans continuing to spend, but many are reliant upon their credit cards to maintain their lifestyle.
- 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, July 2011)
- The typical consumer has access to approximately $19,000 on all credit cards combined. More than half of all people with credit cards are using less than 30 percent of their total credit card limit. Just over one in seven is using 80 percent or more of their credit card limit. (Source: myfico.com)
Courtesy of: CreditDonkey
Searches People Used When Wanting a Credit Card.
- i need a credit card
- i need a credit card number
- i need a credit card fast
- i need a credit card today
- i need a credit card now
- i need a credit card number and security code
- i need a credit card to rebuild my credit
- i need a credit card machine for my business
- i need a credit card with bad credit
- i need a credit card with a 1000 dollar limit
Please ask yourself if you really need a credit card. If it is your first, then yes to establish credit.