Average Credit Card Limit Statistics – August 2017

albinamatveeva.ru estimates that the average limit on a credit card in the United States is $4691. If we include all the credit cards an average American carries, the average available credit per person on credit cards is $18,109.

Using breakdowns between types of customers based on a report by credit reporting agency Experian in early 2015, we estimate per-card credit limits for consumers based on their credit history:

  • Super-Prime (Credit score of 781-850): $12,079 limit per card
  • Prime (661-780 credit score): $6614 limit per card
  • Near Prime (601-660 credit score): $2885 per card
  • Subprime (500-600 credit score): $1220 per card
  • Deep Subprime (300-499 credit score): $657 per card

Methodology:

Based on Federal Reserve statistics, we estimate the average credit card debt per cardholder to be $5432.89.

Multiple sources tell us that credit utilization rates consistently hover around 30%. (In other words, across all credit cards, cardholders are using 30% of the credit available to them on their cards.) Using that as our standard, we then estimate that the average cardholder has overall available credit of $18,109, as mentioned above.

Experian recently reported that the average cardholder has 3.86 credit cards (which includes both bank credit cards and retail store credit cards). Dividing the average cardholder’s available credit ($18,109) by the average number of cards (3.86), we arrive at $4691 as the average credit limit per card on the market today.

Historical numbers:

  • July, 2017: $4680 per card, $18,065 per cardholder
  • June, 2017: $4646 per card, $17,935 per cardholder
  • May, 2017: $4600 per card, $17,756 per cardholder
  • April, 2017: $4605 per card, $17,776 per cardholder
  • March, 2017: $4583 per card, $17,691 per cardholder

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