
Average credit card debt in the U.S.
American credit card balances rose to $986 billion in the last quarter of 2022. Here’s a look at credit debt in the U.S. and how to start paying your balance down.
“I like helping people figure out what cards should be in their wallet. There are so many products out there – it can be overwhelming. And not every card works for every lifestyle. I hope that my articles make the choices clearer for readers.” - Constance Sommer
Constance Sommer is a professional journalist who started her career in newspapers, working as a staff writer for the Los Angeles Times, The Associated Press, the Seattle Post-Intelligencer and a little weekly newspaper called The Acorn. More recently, as a freelance writer, her work has appeared in CreditCards.com, The New York Times, The Washington Post, the Los Angeles Times and Vogue, among others.
American credit card balances rose to $986 billion in the last quarter of 2022. Here’s a look at credit debt in the U.S. and how to start paying your balance down.
A debt repayment plan can help you get the most out of a balance transfer.