South Floridians are among the nation’s most prolific consumers in signing up for new credit cards, a trend that may not bode well for household financial stability in a period of high inflation.
In a national survey, LendingTree, the online loan marketplace, found the Greater Miami area “has the 8th-most residents who opened a new credit card in the first half of 2023,” according to a statement.
Nationally, the organization analyzed more than 200,000 anonymous credit reports to learn where consumers are opening new credit card accounts.
In the Miami-Fort Lauderdale-West Palm Beach region, 32.6% opened at least one new account from January through June. Those new cards carried average credit limits of $4,984.
“Five other Florida metros, Deltona (36.1%), Orlando (33.2), Tampa (32.8%), Lakeland (32.6%), and Palm Bay (32.4%), are among the metro areas with the highest percentage…
