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.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
