Interesting Facts About Credit Cards

Interesting Facts About Credit Cards

- Ten percent of customers have more than 10 credit cards in Europe. This is equal to the 304.000 kilograms of plastic material. This weight is also more than then the weight of 3800 adult humans.

- The average credit card debt is about 8500 dollars in every US Household.

- Visa credit card holders in United States create 1 trillion dollars of financial circulation per year. If we consider MasterCard and American Express owners in United States, this annual amount exceeds 2.5 trillion dollars.

- If you pay your library fines late or try to avoid paying parking tickets, your credit card score can be affected negatively.

- In 2009, the whole credit card companies charged 79 billion for credit card fees and 135 billion in financial charges. This piece of information can be a good reminder for you to pay your credit card bills regularly and on time.

- Customers in United States paid 51 billion dollars last year for fast food with their credit cards. This amount is equal to 10.2 billion Mc Donald's premium menu. These menus would include 1.4 billion kilograms of fried potatoes and 6.5 billion liters of refreshing drink.

- More than half of credit card owners in United States have more than two credit cards. That's roughly equals 310 billion credit cards. If you add them together, their length would be equal to 27,000 kilometers. By using them you can create a path to walk over Atlantic Ocean.

- Summer Olympic games held on the city of Montreal at 1976. The credit card circulation during the games caused 2 billion dollars of debt. The city could finish paying whole debt at 2006.

- The world record of national debt at credit cards are belong to: * United States : 10 trillion dollars * United Kingdom: 8 trillion dollars * Germany: 4 trillion dollars * France: 3 trillion dollars * Italy: 3 trillion dollars

- Minimum monthly payment ratio can be decrease to 2 percent at some parts of the world. This roughly means that if you had 1000 dollars debt, it would take 22 years to pay. In the end you would pay 2300 dollars interest. The total amount you would pay back would be 3300 dollars.

- Ralph Schneider and Frank McNamara were the inventors of first modern credit cards in 1950