How Much Credit Card Debt is too Much?

If you’re over 18, there’s a good chance that you have a credit card. I am one of the few people my age, I feel, that actually don’t have any credit cards, but I know that typically the average American is carrying around 2-3 credit cards at least. My wife has a credit card, but I just haven’t found one that I enjoy enough to take the plunge and pick one up. Sure, it’s nice to earn points towards future purchases and get money back on groceries and gas, but I have a feeling if I used one, I’d go way further into debt than I am now.

So currently, I have no credit card debt. It’s hard to have credit card debt when you don’t own a credit car, right? It does leave me questioning though how much is too much debt when it comes to credit cards. Is it okay to have a little debt? Is it okay to put a huge purchase on your card? What do other people think? Well, thankfully the folks at (an awesome blog and app for your phone) asked this question of their readers and came up with a really cool Infographic  about their findings. Almost half of those surveyed said that any credit card debt is bad/unacceptable. I wanted to post the graphic today and see what you think! In your mind, how much debt is too much when it pertains to credit cards?

Seth P.


  • Tobey Johnsono says:

    Credit cards are helpful and convinent but you add those two together it equals dangerous. Trust me I know. I’ve maxed mine out twice and got a loan each time to pay off the ammount at a lower interest rate than the one on the credit cards. The last time I said I wouldn’t do it again, no more using the cards….then something comes up and they are needed again. I’d love to be able to pay them off again for THE last time. I’m older now, a little wiser and with a child now, my whole focus is on her and saving money for her car and college. Hard to do with credit card debt but I made my bed, now I’ve got to lay in it.

    • spoplaski says:

      The good news about making mistakes is that we can learn from them and move on as well. I’m not sure if you’ve ever read any of Dave Ramsey’s books, or gone to his website, but he’s a resource I tend to use a fair amount. I don’t have credit card debt thankfully, but college loans…that’s another story.