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Article: Nearly One-Third of Credit-Card Owners Hold High Balances; Six in 10 credit-card owners pay off their credit cards monthly.(Survey)
- Article from:
- Gallup Poll News Service
- Article date:
- June 11, 2008
- Author:
CopyrightCOPYRIGHT 2008 Gallup Organization. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Dennis Jacobe, Chief Economist
Synopsis: Thirty percent of credit-card holders say they have a balance of more than $2,000, and 19% say their balance exceeds $5,000.
PRINCETON, NJ -- Forty-three percent of American credit-card holders say they always pay off the full balance on their cards each month and another 17% say they usually pay their full balances each month. On the other hand, 25% acknowledge that they usually leave a balance and 12% say they usually pay only the minimum amount due each month (1% pay less than the minimum).
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