Credit card debt in Hawaii grows fastest in nation

[terracore]

https://www.hawaiinewsnow.com/2019/06/14...ip-nation/



HONOLULU, Hawaii (HawaiiNewsNow) - Credit card debt in Hawaii grew by 3.4% in the first quarter of 2019 compared to the same period last year #8213; the biggest year-over-year growth in the nation, according to credit reporting agency Experian.

Experian said the average credit card debt in Hawaii is now nearly $6,500.

That’s about $500 more than the national average, but isn’t the highest in the nation.

Alaskans actually carry the most credit card debt on average, at about $7,700. New Jersey and Connecticut round out the top three, with about $6,800 in debt on average.

Iowans have the least credit card debt on average #8213; about $4,600.

Also worth noting: The average credit card debt in Urban Honolulu is about $6,600, Experian reports. That’s up about 3% from the same period last year.

About 6 in 10 Americans carry a credit card. In the first quarter of 2019, total credit card debt in the United States was $807 billion, which is up 29% from five years ago.

[randomq]

If you can't pay it off in a month, don't* put it on the card people!

*Unless the APR is less than the appreciation/arbitrage value of your purchase.

[terracore]

Everything you'll ever need to know about personal finance in a simple ~2 minute video: https://www.youtube.com/watch?v=Qb8hTzUoI54

[terracore]

I got junk mail today with Hawaiian advertising their "Premier Club Membership" for $279/year if you go to hawaiianairlines.com/junepcpromo

If you check a lot of bags this is a better deal than the credit card based solely on an annual fee based comparison. The "club" membership is primarily for access to their lounges and priority boarding but also gives you TWO free checked bags on every flight. That's a $120 value based on a single RT flight with 2 checked bags each time. Only a couple of trips the membership will have paid for itself plus you get all the other perks.

Offer expires June 30. (not a member, not a recommendation, just reporting my junk mail)