What's your ACL (average credit limit)?
This is my third time posting this question with the last being 6 months ago and the first a year ago. I'd like to grab another data set from the current group participating in this sub. ACL (average credit limit) is arrived at when you take your TCL (total credit limits) and divide them by your total number of cards. To be clear we're talking personal revolvers only here. As an example if someone has 3 credit cards and their limits are $7000, $10000 and $11500 you'd arrive at a TCL of $28,500 which divided by 3 returns an ACL of $9500.
Most reports suggest that the average American has an ACL of $8000-$9000 from what I've seen.
From the first thread I started on this subject a year ago, with 20+ responses the average ACL on here was around $13,000 - sort of expected that it would be > the $8k-$9k average based on the sample being credit card enthusiasts for the most part.
From the second thread I started on the subject 6 months ago, there was a much greater sample size of responses, 92, compared to the first group. From that data set the average ACL of the group was $12,196.
Anyway, what is your ACL?