Consumers with 1 credit card have lower debt and better credit, on average

Experian looked at aggregated data of consumers with only one active credit card to see how these financial minimalists are faring with credit and how they're managing their debt.

Chris Horymski

Posted 7/31/24

Experian looked at aggregated data of consumers with only one active credit card to see how these financial minimalists are faring with credit and how they're managing their debt.

This item is available in full to subscribers.

Subscription required

We have recently launched a new and improved website. To continue reading, you will need to log into your subscriber account.

If you are a current online-only subscriber, please click here to reset your password.

If you are a current print subscriber, please register for a website account by clicking here.

Otherwise, click here to view your options for subscribing.

Consumers with 1 credit card have lower debt and better credit, on average

Experian looked at aggregated data of consumers with only one active credit card to see how these financial minimalists are faring with credit and how they're managing their debt.

Sunflowers make small moves to maximize their Sun exposure − physicists can model them to predict how they grow

Shop Kids Clothes as Low as $3 During Gerber Childrenswear’s Semi-Annual Sale

Save Yourself From Spam and Scams

From tea bags to cinnamon, survey reveals favorite hacks for making a garden grow

Consumers with 1 credit card have lower debt and better credit, on average

Experian looked at aggregated data of consumers with only one active credit card to see how these financial minimalists are faring with credit and how they're managing their debt.

Subscription required

Please log in to continue

Need an account?

Online only subscribers

Print subscribers

Non-subscribers

Sunflowers make small moves to maximize their Sun exposure − physicists can model them to predict how they grow

Shop Kids Clothes as Low as $3 During Gerber Childrenswear’s Semi-Annual Sale

Save Yourself From Spam and Scams

From tea bags to cinnamon, survey reveals favorite hacks for making a garden grow