Average U.S. credit card balance hits $6,500
VantageScore data show the average U.S. credit‑card balance rose to $6,500 in August 2025, with overall credit utilization climbing above 30%, signaling that many Americans are relying more heavily on revolving credit amid higher living costs. The CBS News piece (Sept. 2025) reports the balance is up $96 from a year earlier and $67 from the prior month, notes average APRs over 21%, and outlines debt‑repayment options such as consolidation loans, 0% balance transfers and debt settlement.
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Finance
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What's the average credit card debt now (and how can you pay it off)?
New information:
- Average credit card balance: $6,500 (August 2025, VantageScore data)
- Change: up $96 year‑over‑year and $67 month‑over‑month; credit utilization reported over 30%
- Credit-cost context: typical credit card APRs exceed 21% and interest compounds daily, increasing repayment burdens