New credit card accounts opened by New York residents in the second quarter of 2026 had an average credit limit of $5,151, down 11.05% from the same quarter a year earlier, according to WalletHub. For accounts opened in the 12 months to June 2026, the average was $8,166, down 0.18%, and New York ranked 23rd among the 50 states in the report on credit limit decreases. WalletHub said average limits fell in 36 states year over year, with Utah ranking first overall, followed by Minnesota and Montana. Analyst Chip Lupo said rising card debt, delinquency, lower credit scores, reduced income and inflation's effect on balances can all contribute to limit cuts. A lower limit can raise credit utilization and hurt a credit score.
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Original headline: New York credit limits fall 11 % on new accounts , WalletHub finds
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