When deciding on a credit card, many first consider the available perks. This month, we decided to look at the dominant credit card rewards preferences for each Financial Cohorts group:
U.S. Credit Usage Stats
The average U.S. household has 3 credit cards and carries a $5,604 credit card balance.
What do the average credit card balances look like for the different wealth tiers?
- Mass Market – $5,307
- Mass Affluent – $6,007
- Affluent – $6,455
Source: Financial Cohorts®
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