I had a $6,000 bill on one card, paid in full last month, but it was one of those one year 0% interest checks that I had used to pay off a large electrical project.
The rest of my cards have negligible debt. I try to pay off everything every pay day, but I recognize not everyone can do that.
I assume it’s total outstanding debt divided by credit card holder. Kids, never carry a balance on your CC. Do not accept 20% as a reasonable loan. Spend against your budget, save up for big purchases and pay your CC bill in full!
Per card? Or total across multiple cards?
I had a $6,000 bill on one card, paid in full last month, but it was one of those one year 0% interest checks that I had used to pay off a large electrical project.
The rest of my cards have negligible debt. I try to pay off everything every pay day, but I recognize not everyone can do that.
I assume it’s total outstanding debt divided by credit card holder. Kids, never carry a balance on your CC. Do not accept 20% as a reasonable loan. Spend against your budget, save up for big purchases and pay your CC bill in full!