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Nevada Leads the Way in Cards

ARLINGTON, Va. - Nevada, Idaho, Iowa, New Mexico and North Dakota led the nation in growing credit card activity, with growth rates for each up 10% over last year, according to a data survey published by RAM Research and Carddata.com. The national average for growth in credit card activity was...

By Staff Writer | Updated on September 09, 2003

ARLINGTON, Va. – Nevada, Idaho, Iowa, New Mexico and North Dakota led the nation in growing credit card activity, with growth rates for each up 10% over last year, according to a data survey published by RAM Research and Carddata.com. The national average for growth in credit card activity was 9% for last year, the firms said. Nevada’s growth was 13%, Idaho’s at 12%, Iowa, New Mexico and North Dakota tied at 11% each. Bank credit card balances, excluding retail credit cards, averaged $7,875 per Nevada household versus a national average of $6,276 for 2002. Consumers in Nevada owed $6.3 billion in bankcard balances at the end of 2002, compared to $5.6 billion at the end of 2001, the firms found when they surveyed the data.

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