$1.17T.

[Jolly]

We're talking about a lot of money...

https://www.aol.com/finance/us-credit-card-debt-just-124700087.html

[Mik]

One simple way - if you can't pay it off at the end of the month you can't afford it. There are emergencies, but on a day to day basis this is it.

[jon-nyc]

When I was house shopping I also looked at houses for rent, in case there was nothing for sale I liked (very little on the market here at any one time)

One place had a broker who wanted me to get a credit report, so I did. I don’t remember the score but it told you what the limiting factors were, IOW at the margin why it wasn’t higher.

Mine said ‘high level of credit card debt’. I thought that was funny since for at least 30 years I’ve paid credit card bills in full automatically every month.

But they include intra-month spending in the debt total and that was a month where I bought Mayla’s ring (smallest new car I ever bought), and had paid for a coming vacation and a couple other large one-offs so my intra-month spending was close to 40k, multiples higher than a typical month.

So to the company I looked like someone who has 40k of credit card debt. Which, for a few days, I was.

[George K]

@jon-nyc said in $1.17T.:

So to the company I looked like someone who has 40k of credit card debt.

I had a similar experience. I pay my estimated income tax and real estate tax using a credit card. Of course, there's a fee for using a card as opposed to check, but the credit card reward (cash back) exceeds the fee by a couple of bucks. It's not a big difference, but enough to buy a pizza (or four) a couple of times a year. My credit score dropped 10 points - for a while.