Credit Cards About 93% of graduating students report they have at least one credit card, including 29% who say they have two or more. Among those students who have credit cards, about 79% report 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 37% say it is zero. Among those with an unpaid balance, the average credit card debt students have is $2,771. None 7% 8% 7% 7% 8% One 64% 65% 62% 66% 64% Two 21% 19% 22% 20% 21% Three or more 8% 7% 8% 7% 7% Yes 79% 70% 81% 80% 69% Zero 37% 34% 37% 38% 35% $500 or less 14% 14% 13% 14% 15% $501 to $1,000 6% 6% 6% 7% 4% Over $1,000 10% 14% 8% 10% 14% Don't know 33% 32% 36% 31% 31% Average (those with credit card) $792 $1,176 $655 $753 $1,408 Average (those with unpaid balance) $2,771 $3,366 $2,395 $2,745 $4,601 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.
Merchant has the power and authority to authorize the automatic funds transfer provided for in the Merchant Agreement;