Minnesota Credit Cards

Minnesota Credit Card Debt

• Credit Card Debt: MN vs. U.S.
• • Minnesota residents have average credit card debt of $4,541. ^[1]
  • The average credit card debt amount in Minnesota is 9% less than the national average of $4,965.
  • MN ranks 43rd in the nation in average credit card debt. ^[1]

Credit Card Delinquency in MN

• Cardholders that are more than 90 days late on credit card payments in Minnesota ^[2]
• • Minnesota ranks 48th in the nation with a credit card delinquency rate that is 35% less than the national average of 0.57%.
  • Minnesota Rate: 0.37%
  • National Average: 0.57%
• Statute of limitations for credit card debt in Minnesota ^[4]
• • Minnesota: 6 years
  • U.S. Average: 5.4 years

Minnesota Credit Scores

• Credit Scores: MN vs. U.S.
• • Minnesota residents have an average credit score of 720. ^[3]
  • The average credit score for Minnesota residents is 3% greater than the national average score of 696.
  • MN ranks 3rd in the nation in average credit score. ^[3]

About Minnesota

The state of Minnesota has a population of approximately 5,303,925, ranking 21st in the nation. ^[5]

More about Minnesota Credit Cards

For more information about Minnesota credit cards, or for additional resources regarding credit cards overall, visit Consumer Financial Protection Bureau.

Did you know?

Iowa residents had the lowest average credit card debt in the nation in 2013, at $3,885 per cardholder.