The average consumer spends about $10,000 on credit cards per year, according to Nerdwallet.
That means every time a consumer purchases a credit card at a store, they can expect to pay back $10 or more.
Credit card renewal is one of the top five most common purchases for consumers, according the company.
For consumers looking to save money, the average annual payment on a credit-card loan is $3,500, according data from Equifax.
That’s a $10 savings per year.
That also means consumers can get away with spending $20 more per month than they otherwise would.
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