According to an article published, November 26, 2006 by the Sun-Sentinal, almost one out of four Floridians has opened a new credit card account in the last 12 months. Meanwhile, the average credit score in the state is 672, slightly below the nationwide average of 675.

The Sun-Sentinal also reported that average credit-card balance per household: $9,159 in 2005 - 17 percent more than the average balance five years before.  In the first six months of 2006, the volume of purchases on Visa, MasterCard, American Express and Discover rose 12.8 percent from the year before. In total, $840 billion was charged on cards from those issuers in the first half.

Sources: CardWeb.com, The Nilson Report, American Banker, Experian, Robert Manning, Federal Reserve Board,