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Til Debt Do Us Part

Quiz: QUIZ: Love And Debt

Question 1 of 10

How many credit cards does the average U.S. household have?

  1. 1
  2. 3
  3. 5
  4. 10
Correct!

The average U.S. household has five credit cards. We all know that we're only supposed to have one, that it should never carry a balance and that it's only for emergencies. But the ugly truth is that between low introductory rates, balance transfer offers and tempting cash-back deals, many consumers simply find it too hard to rip up every single application that comes in the mail. This is especially true when the other cards are all maxed out and there's a new gadget or a pair of Manolo Blahniks crying out to be bought.

SOURCE: Credit Card Statistics, Industry Facts, Debt Statistics | CreditCards.com

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