How do you compare to other Check users with Chase Freedom?
Every month, cardholders need to pay an average of $1837 on their credit card – more than the $1360¹ owed by the average American cardholder!
Credit card companies designate a certain amount of the credit card bill as the minimum amount the cardholder needs to pay to stay in good standing with their credit card company. The credit reporting bureaus keep track of how many months in a row at least the minimum is paid on a credit card, so paying on time can help improve a credit score!
Not all Check users can always cover the entire statement balance. Fortunately, credit cards were designed to help cardholders out when times get tough. As long as at least the minimum payment due is paid, the account will stay in good standing, but the cardholder will have to pay interest on the balance.
Paying bills late can be expensive too! On average, Check users paid $29 when they made a late payment – and that's not even including interest charges on any balance carried! Paying on time helps your credit and your wallet.
The above information is based on anonymous, aggregate data from Check users. Neither this website nor Check is affiliated with Chase in any way and should not be confused with Chase.