Who Has More Credit Cards: American or British University Students?

University students in the United States own more than twice the number of credit cards that British university students do — in fact, about half of all American undergraduates have four or more credit cards, but most British undergraduates have only one or two.

More facts on credit cards:

  • Only 2 percent of American undergraduates have no credit history. Less than a fifth of American students pay off all of their credit card balances every month.

  • The average American student will rack up more than $20,000 US Dollars (USD) in debt before leaving college. British students end up owing about $18,000 USD by the time they leave, but they owe more per year of school, because a British undergraduate degree lasts only three years.

  • Nearly a third of both American and British students put their university tuition on their credit card.

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