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Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

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Cities in the south rank high in credit card debts


Though the recession has not completely ebbed away, consumers are becoming increasingly liberal in the usage of credit cards. Americans continue to amass dues on their cards by using them for all purchases, necessary and unnecessary. One of the reports from Experian revealed that by the end of 2010, the credit card debt for an average card holder stood at $4,200. While this figure was 4% lesser as compared to the average outstanding amount in the year 2009, the credit card dues for card holders in most cities of the country was way above the national average.

The average balance on the credit cards for most San Antonio residents in Texas stood at $5,177, which was 21% more than the national average. The second place on this list went to Jacksonville, Florida where the average outstanding balance stood at $5,115.

While Atlanta occupied the third spot, the fourth and fifth spot went to Honolulu and Fort Worth. The outstanding dues on credit cards increased by 16% and 14.5% for card holders in Evansville, Indiana and Lafayette, Louisiana respectively.

On the positive side, not all states reported an increase in credit card debts. Card holders in a few cities exerted caution and used their credit cards wisely to reduce their dues. The list of cities that were the most successful in reducing credit card debts was led by Fort Wayne, Indiana that showed an average drop of 24%. Card holders in Boise, Idaho and El Paso, Texas also showed a drop of 14% in credit card dues.

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[Sunday, December 18, 2011]
Chase Bank recently announced the redesign of its Visa credit cards - allowing more space on the front for the Chase logo. This new design is in trial mode currently but Visa has pans to roll out its new design to other financial institutions in order to increase the branding and logo visibility of the individual issuing banks.
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[Friday, October 28, 2011]
Debit and credit: they`re both plastic, why not consolidate them? The Cinncinati-based Fifth Third Bank, is the first to offer the DuoMasterCard which consolidates both a checking and a credit card account into one card.
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[Wednesday, September 21, 2011]
It really pays when you do the right thing. Take credit cards for instance, having a clean credit profile really does help. Those who managed to maintain a squeaky clean credit report during the recession can now jump with joy, as they will get some of the best deals from credit card issuers.
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