Credit Cards About 57% of first-year students reported having at least one credit card, although just 15% have two or more cards. Among those students who have credit cards, 87% reported that they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 36% said it is zero. Among those with an unpaid balance, the average credit card debt is $1,047. Table 47: Credit cards All students (n=18,092) Group University of Manitoba (n=230) 1 (n=6,335) 2 (n=6,712) 3 (n=5,045) Number of credit cards (FIN1) None 43% 53% 43% 36% 39% One 42% 35% 42% 48% 48% Two 6% 4% 6% 6% 2% Three or more 9% 9% 9% 9% 11% Regularly pay off balance each month* (FIN2) Yes 87% 83% 88% 87% 87% Total credit card balance* (FIN3) Zero 36% 34% 35% 38% 39% $500 or less 9% 9% 9% 9% 14% $501 to $1,000 3% 3% 2% 3% 3% Over $1,000 2% 2% 1% 2% <1% Don't know 51% 52% 53% 48% 44% Average (all with credit card) $196 $268 $158 $205 $99 Average (those with unpaid balance) $1,047 $1,450 $803 $1,041 $767 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.
CONCENTRATIONS OF CREDIT (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with OCC Banking Circular 255. The program shall include, but not necessarily be limited to, the following:
Credit Card Authorization TO THE EXTENT PERMITTED BY APPLICABLE LAW, YOU IRREVOCABLY AND UNCONDITIONALLY AUTHORIZE XXXXXXX TO CHARGE ALL AMOUNTS DUE UNDER THIS AGREEMENT TO ANY CREDIT CARD YOU PROVIDE TO US, AND YOU AGREE TO INDEMNIFY, DEFEND AND HOLD HARMLESS XXXXXXX WITH RESPECT TO THE SAME.