With many people considering whether to open a new credit card for more spending power during the holiday season, the personal-finance website WalletHub today released its new report on the States With the Most Credit Cards, to identify where people may be at risk of overspending or missing payments.
| Most Credit Cards | Fewest Credit Cards |
| 1. Alaska | 41. Vermont |
| 2. South Dakota | 42. Ohio |
| 3. New Jersey | 43. Wisconsin |
| 4. Montana | 44. Illinois |
| 5. North Carolina | 45. Kansas |
| 6. South Carolina | 46. Hawaii |
| 7. Pennsylvania | 47. Colorado |
| 8. Connecticut | 48. North Dakota |
| 9. Arizona | 49. Iowa |
| 10. Nevada | 50. Wyoming |
For the full report and to see where your state ranks, please visit:
https://wallethub.com/edu/
"Having multiple credit cards in your wallet can be good for your credit score as long as you spend responsibly, keep your credit utilization low and always pay on time. For example, you can use different credit cards for different purposes, such as separating charges you want to finance from everyday purchases. But if you regularly miss payments or spend beyond your means, you may have too many credit cards."
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“Alaska ranks first in our study, and its residents opened an average of 1.4 cards during Q3 2024, more than people in any other state. Alaskans also opened 5.06% more new credit cards in Q3 2024 than they did in Q3 2023. In comparison, residents in the majority of states saw a year-over-year decrease. In addition, the average Alaskan owns 5.2 credit cards.”
- Chip Lupo, WalletHub Analyst
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