By Alexandria White
If you have credit card debt, you’re not alone. On average, Americans carry $6,194 in credit card debt, according to the 2019 Experian Consumer Credit Review. And Alaskans have the highest credit card balance, on average $8,026.Carrying a balance month to month can be costly, especially if it’s on a high interest credit card. But you don’t have to struggle with debt forever. If you have good or excellent credit(scores 670 and above), you may qualify for a balance transfer credit card.
Top states with the highest credit card balance
While the average credit card balance is $6,194, Americans living in certain states carry much more. Alaskans take the top spot with an average credit card balance of $8,026. Meanwhile, many states on the East Coast have balances above the national average.
- New Jersey:$7,084
- District of Columbia:$7,077
Top states with the lowest credit card balance
The further you live from the coasts, the lower the average credit card balance, which is partially due to a lower cost of living. On average, Iowans have the lowest balance at $4,774.
- West Virginia:$5,144
See the rest of the full rankings at CNBC.com