Infographic: How many households have at least one card?

Sabrina Karl
Personal Finance Writer
Data whiz and visual storyteller


If your annual income is more than $40,000, or you have a bachelor’s degree, chances are greater than 90 percent that someone in your household has at least one credit card.

But for those with only a high school diploma or less, or making less than $40,000 per year, the likelihood of your household having a credit card drops below 70 percent.

These are among the findings of the Federal Reserve Board’s latest study of household economic well-being. The study found that 91 percent of those making $40,000 to $100,000 per year had a credit card in the household, as did 96 percent of those making above $100,000. The incidence rate was just 60 percent for lower-income households.

Increased education levels were also a prominent indicator of credit card likelihood, with the odds ranging from 68 percent for those with a high school education or less, to 78 percent for those with some college, and up to 94 percent for those with at least a four-year degree.

The survey also looked at the race of credit card holders, with 83 percent of white respondents reporting at least one household card. For Hispanics, the rate dropped to 73 percent, and dropped further to 63 percent for black respondents.

The “Report on the Economic Well-Being of U.S. Households in 2016” is the Federal Reserve’s fourth annual installment of this fall survey. Drawing on responses from more than 6,000 U.S. adults and then weighted to match the demographics of the U.S. population, the results were released in May.

See related: Household debt passes pre-recession peak, New York Fed finds, Infographic: The financially happy now outnumber the unhappy More infographics

To use the graphic on your site, use the following code:

<center><a href=""><img alt=" Infographic: how many households have at least one card?" border="0" src="" /></a> </center>

Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.

Updated: 02-19-2019