GITNUX MARKETDATA REPORT 2024

Statistics About The Average Credit Limit

Statistic 1

"At the end of 2020, the average credit limit for a new bankcard was $5,284."

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Statistic 2

"On average, millennials have lower credit limits, averaging at $11,000."

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Statistic 3

"Customers with exceptional credit have an average limit around of $11,357 for their credit cards."

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Statistic 4

"In the second quarter of 2018, the average credit line for deep subprime borrowers was $1,308."

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Statistic 5

"In 2019, the average limit for credit cards was $31,015 for consumers with super prime credit scores."

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Statistic 6

"Alaska has the highest average credit card limit of any state, at $8,515 per card."

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Statistic 7

"In 2018, consumers in their 20s had an average credit limit of $5,600."

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Statistic 8

"Those 80 and older had the highest average credit limit in 2018, with each credit card at $11,500."

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Statistic 9

"In the UK in 2018, the average credit card limit was £5,000."

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Statistic 10

"The average credit limit for subprime borrowers, with credit scores 580 and below, was $2,645 in Q1 2020."

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Statistic 11

"In 2020, the average credit limit for a new retail card was $2,165."

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Statistic 12

"By income level, the top 10% of earners had an average credit card limit of $20,000 in 2018, while the lowest earners had a limit of $3,000."

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Statistic 13

"Across all American Express cards, the highest reported credit limit was $50,000."

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Statistic 14

"In 2019, Chase Sapphire Preferred cardholders had reported credit limits between $5,000 to $80,000."

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Statistic 15

"Discover credit card members have reported credit limits between $500 to $25,000 in 2021."

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Statistic 16

"In 2019, the average credit card limit for those with good credit was $7,880."

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Statistic 17

"In Australia, the average credit card limit in June 2020 was $9,159."

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