According to a Time article credit card debt majority everyone in America has a credit card CreditCards.com According to a Time article according to Time Magazine borrowing on credit cards pay back the minimum payments owes $4,717 in credit card debt American's have difficulty saying "no," credit debt according to Time Magazine an average interest rate of 15 percent The average American is in credit card debt In an article from earlier this year According to a Time article credit cards according to Time Magazine this TIME article 65% of all Americans $935.6 billion $1 trillion in credit card debt credit debt American's have difficulty saying "no," according to Time Magazine credit card interest is 15%. according to Time Magazine close to $200 every month on credit card bills according to Time Magazine Americans will have credit card debt. averaging $4,717 According to a Time article nearly $5,000 in credit card debts credit debt TIME Time credit card debt spending Americans are in debt. mountain of debt? according to Time Magazine