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Credit card debt in Hawaii grows at fastest clip in the nation

Chase is changing its policy on its credit cards so that you can't take them to court.
Chase is changing its policy on its credit cards so that you can't take them to court.(Source: Pixabay)
Published: Jun. 13, 2019 at 3:05 PM HST
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HONOLULU, Hawaii (HawaiiNewsNow) - Credit card debt in Hawaii grew by 3.4% in the first quarter of 2019 compared to the same period last year ― the biggest year-over-year growth in the nation, according to credit reporting agency Experian.

Experian said the average credit card debt in Hawaii is now nearly $6,500.

That’s about $500 more than the national average, but isn’t the highest in the nation.

Alaskans actually carry the most credit card debt on average, at about $7,700. New Jersey and Connecticut round out the top three, with about $6,800 in debt on average.

Iowans have the least credit card debt on average ― about $4,600.

Also worth noting: The average credit card debt in Urban Honolulu is about $6,600, Experian reports. That’s up about 3% from the same period last year.

About 6 in 10 Americans carry a credit card. In the first quarter of 2019, total credit card debt in the United States was $807 billion, which is up 29% from five years ago.

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