Multinational credit reporting company Experian reports that American holds an average of four credit cards in their wallets.

Experian published the 2019 Consumer Credit Review which showed how consumers affect the economy of the United States. For the year 2019, it is found out that the average four credit cards of Americans carry a balance of $6,200 to $8,679. People situated in metro areas carry bigger credit card balances as compared to those who live in the countryside.

The research also found out that the balances on credit cards jumped to 3 percent, as compared to the data in 2018. For last year, there is about 67 percent of Americans who have a credit card; and an average FICO Score for consumers is 727.

New Jersey ranks first on the list of the states with the most number of credit cards. It was followed by Connecticut, New York, Delaware, Florida, Rhode Island, Maryland, Texas, California, and Illinois.

Americans Have An Average of Four Credit Cards


For New Jersey, residents have at least 4 credit cards. Meanwhile, Alaska and Mississippi are the two states with the fewest credit cards, about an average of two only.

Finance analysts believe that having too many credit cards isn’t a bad thing, as long as cardholders can handle it. Although carrying too many credit cards isn’t ideal, some people can save more by redeeming rewards and discounts.

A credit expert from FICO John Ulzheimer said, “For someone who is responsible for using their cards and never carries a balance, then no, there is no number of cards that’s too many. On the other hand, if you’re using your cards as a supplement to your income and you’re carrying balances each month, then one card may be too many.”

The states with the highest average FICO Score is Colorado, Wisconsin, and Minnesota.

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A Filipino-Chinese, Maricar Sze is highly educated and well travelled. With a Bachelor of Science in Computer Studies majoring in Information Technology. She is a business owner providing services to small to medium businesses in Australia. In earlier years, Maricar worked for American companies Verizon and MCI in Technical Support activities. Over some 8+ years in the SEO industry, Maricar is also a Google Certified Ads Specialist. With skills and expertise, she is responsible for shaping and implementing website optimisation, content marketing, PPC and quality measures for digital campaigns. Other interests include travelling, watching Netflix, and frequently volunteers at children hospitals or shelters.