Homeowners Reported Impact of Credit Card Debt
A June 2026 survey revealed how revolving balances influence the spending and saving habits of U.S. homeowners.
Updated on Sept. 26, 2026 in Credit Cards
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A survey conducted from June 12-14, 2026, found that 52% of U.S. homeowners carry monthly credit card balances. These debts have forced 71% of affected homeowners to cut their personal spending or savings over the past year.
Why it matters
While 89% of these homeowners remain confident in their ability to make mortgage payments, the burden of revolving debt creates significant financial strain. Many households now prioritize paying down card balances to improve their long-term financial stability.
The average credit card debt reached $6,519 per borrower in Q1 2026. This debt carries an average interest rate of 19.57%, significantly higher than the 12.41% average rate for personal loans.
The players
Morning Consult
This is a global decision intelligence company that conducted the online survey of U.S. adults.
TransUnion
This is a global information and insights company that provides data on credit card debt levels.
Bankrate
This is a consumer financial services company that tracks interest rate data for credit cards and personal loans.
The details
Nearly 60% of homeowners with debt report that it negatively affects their overall financial situation, with 51% stating they lose sleep over their finances. Consequently, 52% of those with credit card debt explored consolidation options, such as personal loans or home equity products, during the previous year.
Timeline
Q1 2026: TransUnion recorded the average credit card debt levels.
June 12-14, 2026: Morning Consult conducted the homeowner survey.
July 1, 2026: Bankrate recorded the average interest rate data.
Market Landscape
Rising debt levels force a shift in how homeowners manage capital, as the gap between high-interest credit card debt and lower-cost consolidation products intensifies competition among lenders. This trend highlights a broader struggle where households must balance home equity maintenance against mounting revolving credit obligations.
Homeowners currently balancing mortgages and credit card debt may find relief by comparing current personal loan rates against their existing card APRs. Managing these revolving balances effectively can prevent further erosion of household savings and reduce monthly financial stress.
The takeaway
Homeownership remains a cornerstone of wealth-building for most Americans, but the high interest rates associated with credit cards can undermine this goal. Households are increasingly looking toward debt consolidation to protect their long-term financial security.
Further reading
Learn more about managing liabilities in our Credit Cards section.
Source note: This article includes information reported by MyChesCo.
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