[Dr. Sivana]

The average credit card debt hovering around $6,000

That could be misleading. A lot of people use credit cards for most transactions in order to get the 1% reward, or for convenience, safety, or online shopping. If the do most of their shopping with plastic, and not pay off the the bill before it is due, $6,000 may not be obscenely high, yet the card gets paid in full every month.

A better question is how much credit card debt is more than a month old and entails an interest charge?

[trebb]

Yep - I use my credit card for 95% of my purchases and have it set for automatic pay-off each month - and roll the “rebates” into my bill a couple times a year.

[sauropod]

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