What is the average credit card debt?

Americans' total credit card debt continues to climb in 2017, reaching an estimated $931 billion — a nearly 7% increase from the previous year — according to a NerdWallet analysis. [1]. And the average household that's carrying credit card debt has a balance of $15,983. read more

NerdWallet’s 2017 household debt study shows that several major spending categories have outpaced income growth over the past decade; many Americans are putting medical expenses on credit cards; and the average indebted household is paying hundreds of dollars in credit card interest each year. read more

Gone are the days of college students signing up for credit cards because of tempting freebies, thanks to the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009. read more

Average credit card debt is closely tied to the total outstanding revolving debt. Over the years, the two have risen together, exhibiting strong correlation (0.6). Over the last decade, average credit card debt has grown at a faster pace – raising by 52% since the year 2000. read more