Pretty meaningless, I am in Connecticut, and my CC balance is $5766. But the billing period ends on Dec 4, and I will pay in full on Dec 5. However, my balance is part of this average, because they have no way of knowing when I’m going to pay.
We have a lot of millionaires (and 6 billionaires) here in Connecticut, and I would imagine some of them run up pretty hefty monthly bills.
it’s meaningless if the card is paid off every month
mine is on autopay