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?

A lot can be learned by looking at the first digits of a credit card. For example, MasterCards all begin with numbers between 51 and 55.