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National credit card debt per credit card borrower in the second quarter of 2008 increased 2.3 % to $1,717 from the pervious quarter's $1,673 and 8.6 % compared to the same quarter in 2007.

The state carrying the highest average card debt per credit card holder is Alaska at $2,494 and the lowest is Iowa at $1,218. The highest increase in average credit card debt from the first quarter was observed in the District of Columbia (6.62 %) the lowest was Alabama (0.49 %)

Source : TransUnion.com


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Explain my credit card
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Tip of the month

Reducing interest rate is as simple as calling your credit card provider.

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Did you know

Diners Club issued the first credit cards to only two hundred customers and they could only be used at twenty seven restaurants in New York City.

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