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Member
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Registered: ‎10-12-2012
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What is average credit limit per account (card) in the u.s.?

I searched the forum and on google to find but had no luck.
What is average credit limit per account (card) in the u.s.?

Thank you for your help.

Established Contributor
Posts: 1,026
Registered: ‎02-27-2012
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Re: What is average credit limit per account (card) in the u.s.?

this might be an interesting read. didn't get through all of it so I don't know if the answer is there

 

http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276...

AMEX: $0/$25,000, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$12,500, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 743
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Frequent Contributor
Posts: 492
Registered: ‎07-24-2012
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Re: What is average credit limit per account (card) in the u.s.?

From SwiftTone's link, which is great! 

 

"For families having any bank-type cards, the median number of such cards remained at 2; the median credit limit on all such cards rose 21.4 percent, to $18,000, and the median interest rate on the card with the largest balance (or on the newest card, if no outstanding balances existed) rose 1.0 percentage point, to 12.5 percent.(Source: Federal Reserve Survey of Consumer Finances, February 2009)"

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12)
Current: EQ 670 (myFICO 9/8/14), EX 694 (Prosper 7/17/14) , TU 693 (WalMart 9/2/14) Goal: 700+ x3
My Wallet: Amex BCP $30k, Chase CSP VS $12.2k, Amex Zync NPSL (> 10k), C1 Venture VS $5k, Amex SPG $4.5k, Walmart (Store) $2.5k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Best Buy Rewards MC $500
My Loans: Prosper $25k/36mo
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Established Contributor
Posts: 1,026
Registered: ‎02-27-2012
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Re: What is average credit limit per account (card) in the u.s.?


TheConductor wrote:

From SwiftTone's link, which is great! 

 

"For families having any bank-type cards, the median number of such cards remained at 2; the median credit limit on all such cards rose 21.4 percent, to $18,000, and the median interest rate on the card with the largest balance (or on the newest card, if no outstanding balances existed) rose 1.0 percentage point, to 12.5 percent.(Source: Federal Reserve Survey of Consumer Finances, February 2009)"


Interesting read on demographics, however they don't offer insight on Caucasian, whcih is interesting in itself

AMEX: $0/$25,000, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$12,500, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 743
EX FICO(AMEX) - 712
Established Contributor
Posts: 1,026
Registered: ‎02-27-2012
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Re: What is average credit limit per account (card) in the u.s.?

http://www.ehow.com/info_7860283_average-credit-card-limits.html

 

Here is another one. It cites myFICO.com, which is funny because you couldn't find it.

AMEX: $0/$25,000, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$12,500, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 743
EX FICO(AMEX) - 712
Frequent Contributor
Posts: 492
Registered: ‎07-24-2012
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Re: What is average credit limit per account (card) in the u.s.?

Hmm, it is interesting that the 2009 study says a median of 2 cards while the 2011 says an average of 9.  Assuming the median did not change drastically between 09 and 11, that means there are some people out there with some ridiculous amounts of card accounts skewing the average higher.

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12)
Current: EQ 670 (myFICO 9/8/14), EX 694 (Prosper 7/17/14) , TU 693 (WalMart 9/2/14) Goal: 700+ x3
My Wallet: Amex BCP $30k, Chase CSP VS $12.2k, Amex Zync NPSL (> 10k), C1 Venture VS $5k, Amex SPG $4.5k, Walmart (Store) $2.5k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Best Buy Rewards MC $500
My Loans: Prosper $25k/36mo
My Business: Chase Ink VS $5k
Member
Posts: 16
Registered: ‎10-12-2012
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Re: What is average credit limit per account (card) in the u.s.?

thank you all for help

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