SAN FRANCISCO—As credit card debt among Americans continues to grow and paying with plastic becomes more common, a new survey on credit card usage from Lantern by SoFi has found just 13% of respondents carry a $0 balance from month to month.
The most common credit card balance people carry ranges from $1 to $2,500, with 40% of people saying they carry debt in that range monthly. A small percentage (7%) said they carry a balance of $10,000 or higher, Fox Business reported.
SoFi also reported that women were 1.5 times more likely to carry a no balance on their card, compared to men. In fact, 16% of women said they had no regrets when it came to their credit card purchases.
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