April 20th, 2013

Infographic: Credit Card Debt vs. Number of Credit Cards

12 Comments | Twitter | |


As we’ve mentioned before, we’re big data nerds here at Credit Karma and we want to use that data to help consumers better understand their credit and overall financial health. Today, we are kicking off a weekly infographic series. Each week, we’ll look at a different aspect of credit and personal finances through numbers and put the information into easy to read graphics.

This week, we decided to look at the average credit card debt verses the average number of credit cards within different credit ranges. We used our findings to create this infographic. Scroll down to check it out!.



What jumps out at you in this infographic?


Amy Leone is the Public Relations Coordinator at Credit Karma. Before joining the team in June 2012 she spent most of her career as a TV news producer. When she’s not helping promote Credit Karma on a variety of media outlets, she’s probably out running or exploring her new state of California.

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Disclaimer: All information posted to this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Credit Karma does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, visit bank or issuer website.


  1. Nice info graphic of Credit Karma. Based on this info I have Good Credit … I have realised that living without debt is more healthier. Two years ago I bought a house and now I need to pay for this 30 years … 🙁

    I am from Europe 🙂

    sohocredit at 11:32 pm on April 21, 2013
  2. Great infographic. Two questions. One, can we use it if we reference it and give CK a backlink to this blog? Two, what is the source of this info? It’s great but where did the data come from?

    Phil at 5:22 am on May 29, 2013
  3. Jenna

    Hi Phil! Definitely feel free to use the infographic and give CK a backlink. We’ve updated the infographic to include more details about the data we pulled. Hope that helps!

    Jenna at 9:59 am on May 30, 2013
  4. why has my score gone from 732 to 713 i’d like to know what it is exactly that i have done to cause this sudden change. I pay all my bills before their actually due, i know that over $5000.00 in credit card debt may seem like a lot but giving the circumstances surrounding my identity being taken or should i put it stolen from me my SS# an my name some guy had gone ahead an opened a three thousand revolving charge in my name, was not me i contacted the appropriate company in question their fraud dept my name was cleared of any of those charges, he said to me that i need to open as many retail accounts just to establish who i am an from there i went. I have only closed two accounts in the almost two year span.
    Please help me understand what i am doing to bring my score to keep going down. Thank you James L Dean

    James L Dean at 7:27 am on December 1, 2013
  5. Jenna

    Hi James,

    As we don’t calculate the scores on our site ourselves (we pull them straight from TransUnion), we don’t have additional insight into why your score dropped. We’d recommend checking out this video on our blog explaining some of the common reasons why credit scores drop: http://blog.creditkarma.com/credit-101/credit-scores/why-did-my-credit-score-drop/

    Jenna at 7:50 am on December 2, 2013
  6. This is very interesting info, but I keep looking answer for one question, please help. So if I have 4 credit cards but using only 2 of them (utilization under 20% and bills paid always on time) does it help my credit? Or do I have to use all 4 credit cards? Should I close other 2 I don’t use or just leave it open in order to have larger credit limit? Kind of concerned about it because I know that it is not good NOT to use credit cards at all. The credit cards I don’t use is the “youngest” ones. Please advise. Thank you!!!

    Oleg Mironov at 9:51 am on May 7, 2014
  7. Mike

    Hey Oleg – This sounds like a great question for our advice section. If you can’t find a good answer here, I’d recommend asking again here: https://www.creditkarma.com/all/advice


    Mike at 11:39 am on May 7, 2014
  8. I understand that the number of credit cards or number of credit accounts has a low impact, but I still disagree with the graphic that the greater number of open accounts would have a positive effect on your credit score.

    jimc at 2:17 pm on June 4, 2014
  9. Hi,

    I have paid off quite a bit of my debt but it still shows some debt which i am not sure where its taking from. My credit card that are listed on creditkarma website are the only ones i have still it shows at least $7000-8000 more debt. Because of this my Credit Utilization is still at a higher percentage, which it shouldn’t be. Can you please help?

    Mohammad at 10:19 pm on July 13, 2014
  10. Mike

    Hi Mohammad – Thanks for your question. I’m sorry to hear that you’re seeing some misinformation. Our support team would be happy to look into this problem for you. You can reach them here: https://www.creditkarma.com/about/help


    Mike at 9:10 am on July 14, 2014
  11. To Oleg’s question, if you have 4 cards and if you’re able to pay all of them off by their due dates, you should use them all. This way, your number of on-time payments increases and your percentage rises dramatically. But do this ONLY if you’re vigilant about paying them on time.

    For me, I missed a payment in college and had 2 cards I was paying. I realized I had a 3rd card (non-rewards that I never used) and charged $6 on it monthly for lunch just to have a balance. This way, I increased my monthly on-time payments from 2 to 3 (24 to 36 payments over a course of a year).

    Rob at 10:04 am on August 2, 2014

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