Credit Card Stress - When Do People Start Worrying?

The Amount's Pretty Up There!


21 February 2017

Article heading image for Credit Card Stress - When Do People Start Worrying?

Canberrans aren’t too worried about racking up credit card debt – until the balance reaches $3477.

We have the fifth highest credit card debt level in Australia – when it comes to the point where it causes stress.

Currently, Aussie households have a whopping $52.5 billion on the plastic.

A poll from Finder.com also shows men are a bit more easy going when it comes to credit card debt than women. Men become concerned with their debt reaches $4999, while women start to feel anxious at $3605. 

The advice is to go for a 0% interest rate card if you have multiple credit accounts, and try to repay the balance in full during that period.

The Federal Government's Money Smart website also has tips.

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