Average Credit Card Limit Statistics – March 2018

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rahulgandhi estimates that the average limit on a credit card in the United States is $4704. If we include all the credit cards an average American carries, the average available credit per person on credit cards is $18,158.

Using breakdowns between types of customers based on a report by credit reporting agency Experian in 2015, we estimate per-card credit limits for consumers based on their credit history:

  • Super-Prime (Credit score of 781-850): $12,112 limit per card
  • Prime (661-780 credit score): $6632 limit per card
  • Near Prime (601-660 credit score): $2894 per card
  • Subprime (500-600 credit score): $1224 per card
  • Deep Subprime (300-499 credit score): $659 per card

Methodology:

Based on Federal Reserve statistics, we estimate the average credit card debt per cardholder to be $5447.33.

Multiple sources tell us that credit utilization rates consistently hover around 30%. (In other words, across all credit cards, cardholders are using 30% of the credit available to them on their cards.) Using that as our standard, we then estimate that the average cardholder has overall available credit of $18,158, as mentioned above.

Experian recently reported that the average cardholder has 3.86 credit cards (which includes both bank credit cards and retail store credit cards). Dividing the average cardholder’s available credit ($18,158) by the average number of cards (3.86), we arrive at $4704 as the average credit limit per card on the market today.

Historical numbers:

  • February 2018: $4698 per card, $18,133 per cardholder
  • January 2018: $4676 per card, $18,051 per cardholder
  • December 2017: $4634 per card, $17,886 per cardholder
  • November 2017: $4610 per card, $17,795 per cardholder
  • October 2017: $4585 per card, $17,697 per cardholder
  • September 2017: $4564 per card, $17,615 per cardholder
  • August, 2017: $4691 per card, $18,109 per cardholder
  • July, 2017: $4680 per card, $18,065 per cardholder
  • June, 2017: $4646 per card, $17,935 per cardholder
  • May, 2017: $4600 per card, $17,756 per cardholder
  • April, 2017: $4605 per card, $17,776 per cardholder
  • March, 2017: $4583 per card, $17,691 per cardholder

Questions about these statistics? E-mail [email protected]