Credit Cornerstone Weekly Credit Trends and Data Intelligence
Consumers are opening fewer credit cards than they were three years ago
September 02, 2010

Experian® recently conducted a study that shows nationally consumers are opening 26 percent fewer credit cards than they were three years ago. It also revealed that of the top metropolitan areas studied, the number of open bankcards was typically higher than retail credit cards, with the exception of four areas – Pittsburgh, Pa.; Miami, Fla.; Columbus, Ohio; and Atlanta, Ga. – whose residents seem to favor their retail cards. The study also found that Atlanta carries the highest average monthly balance on revolving accounts at $6,753, while San Francisco, Calif., and Houston, Texas, have the lowest average monthly balance, with $5,323 and $5,328, respectively.

For more information on average debt levels per consumer in the top 20 metropolitan areas, please see Experian's recent study, Experian Ranks Top 20 Major U.S. Metropolitan Areas By Average Debt Per Consumer.

Source: Experian 2010 Credit Card Trends Study

August 2010
Older Archive
Call us at 1 888 414 1120 or email
Did a friend forward this email to you? Sign up to receive your own weekly copy. © Experian 2010. All rights reserved

Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.