28% of credit card users are still paying off last year’s holiday bill

During the holiday season, Americans tend to overspend, with 28% of credit card users still paying off last year’s purchases, according to a NerdWallet report. However, growth in credit card balances has slowed, with the average balance per consumer rising only 4.8% year over year. To avoid overspending, experts recommend setting budgets, tracking expenses, taking advantage of early deals, and utilizing credit card rewards wisely.

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