People in These Cities Have the Most and Least Credit Cards

The famed architect Frank Lloyd Wright passed away long ago but his comment about New York City being "a great monument to the power of money" holds true today.

With 3.46 cards, New Yorkers can lay claim to having the most credit cards among all U.S. cities in 2017, based on Experian's 2017 State of Credit report. In general, New Yorkers are credit healthy with an average Vantage Score of 689, higher than the national average of 675 and a revolving credit utilization rate of 29%, below the national rate of 30%.

How bout them big apples?

West Palm Beach-Ft. Pierce, FL owned the second most credit cards at 3.40, followed by Rochester, NY with 3.33 cards. Los Angeles and San Francisco-Oakland-San Jose, CA rounded out the top five, tied with 3.30 cards.

Highest Average Credit Cards by City
RankCityAvg. Number of Credit CardsAvg. Credit Card Balance
1New York, NY3.46$7,145
2West Palm Beach-Ft. Pierce, FL3.40$6,760
3Rochester, NY3.33$5,775
4Los Angeles, CA3.30$6,632
5San Francisco-Oakland-San Jose, CA3.30$6,533
6Miami-Ft. Lauderdale, FL3.26$6,615
7Ft. Myers-Naples, FL3.26$6,140
8Honolulu, HI3.25$6,980
9Chicago, IL3.23$6,649
10Palm Springs, CA3.22$6,323

Mississippi Had the Least Credit Cards

Led by residents of Columbus-Tupelo-West Point, Mississippi is home to three of the five U.S. cities with the least amount of credit cards in 2017. Among the 10 cities with the least number of cards, all of them carried an average credit card balance below the national average of $6,354 but only Ottumwa, IA-Kirksville, MO, Marquette, WI and Alpena, MI, had an average credit score above the national average of 675.

Lowest Average Credit Cards by City
RankCityAvg. Number of Credit CardsAvg. Credit Card Balance
1Columbus-Tupelo-West Point, MS2.47$4,966
2Hattiesburg-Laurel, MS2.51$5,171
3Meridian, ID2.52$4,969
4Jackson, MS2.56$5,582
5Ottumwa, IA-Kirksville, MO2.56$4,819
6Greenwood-Greenville, MS2.57$4,646
7Marquette, WI2.59$5,071
8Alpena, MI2.6$4,376
9Albany, GA2.61$5,564
10Zanesville, GA2.61$5,681

How Many Is Too Many Credit Cards?

The number of credit cards you want depends on you, as there is no rule against owning as many your like. However, having too many credit cards can be a bad idea if you tend to spend too much and can't keep up with payments. Every time you apply for a credit card a hard inquiry is made on your credit report and that can bring down your credit scores.

Want to instantly increase your credit score? Experian Boost helps by giving you credit for the utility and mobile phone bills you're already paying. Until now, those payments did not positively impact your score.

This service is completely free and can boost your credit scores fast by using your own positive payment history. It can also help those with poor or limited credit situations. Other services such as credit repair may cost you up to thousands and only help remove inaccuracies from your credit report.

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