As prices continue to skyrocket, while wages stay the same many Americans are feeling it. This means that a lot of people are turning to credit as a bandaid for the ever-worsening situation. How are North Carolina credit limits doing amidst this? Well, some cities are amongst the ones where credit limits are decreasing the most.

Let’s face it, a decrease in your credit limit has the ability to make your life more difficult. It can limit your purchasing power and give you less flexibility in the event of an emergency. According to our friends at WalletHub, “Credit limit decreases are also usually a reflection of either poor handling of credit or economic uncertainty, so large average decreases in a city might indicate that residents are in financial trouble.”

It was the experts at WalletHub who set out to see in which states and cities credit limits saw the most significant decreases between Q1 of 2023 and 2024. And in North Carolina credit limits on average did decrease.

To determine this, WalletHub compared “the average change in credit limit per resident in 100 of the largest U.S. cities over the past year”. This included 5 North Carolina cities. Of the 5, 4 were in the top 50% with the largest decreases. And one city ranked in the top 5 nationally,. Only one, not surprisingly the largest banking city in the state, was “safe”.

If you are worried about your credit limit WalletHub also offered up some tips. These include using multiple credit cards, pay your bill more often than monthly so free up space in your limit, and monitoring your credit score. You can learn more and read the full study here. Keep reading to learn about North Carolina credit limits and the trends.

North Carolina Credit Limits

  • 5. Charlotte, NC

    Charlotte lands on the best cities to live in list

    Overall Rank: 74

    Total Score: 45.89

    Average Credit Limit Rank: 50

    Change In Average Credit Limit Rank: 66

    The only city doing well on this list was Charlotte, perhaps influenced by the banking industry.

  • 4. Winston-Salem, NC

    Winston-Salem, North Carolina, USA Downtown Skyline.

    Overall Rank: 33

    Total Score: 55.24

    Average Credit Limit Rank: 49

    Change In Average Credit Limit Rank: 33

    Winston-Salem didn’t fare too bad either at least compared to the other 3 largest cities in the state.

  • 3. Greensboro, NC

    Greensboro, North Carolina, USA downtown skyline.

    Overall Rank: 14

    Total Score: 60.67

    Average Credit Limit Rank: 84

    Change In Average Credit Limit Rank: 8

    Not good news for those in Greensboro, ranking 14th out of 100 cities for decreases in credit limits.

  • 2. Raleigh, NC

    Raleigh, North Carolina, USA downtown skyline


    Overall Rank: 11

    Total Score: 62.43

    Average Credit Limit Rank: 43

    Change In Average Credit Limit Rank: 14

    This one surprised me with our state’s capital city ranking just outside the top 10.

  • 1. Durham, NC

    Durham, North Carolina, USA downtown skyline.

    Overall Rank: 5

    Total Score: 65.87

    Average Credit Limit Rank: 47

    Change In Average Credit Limit Rank: 5

    And the worst city in North Carolina for your credit limit? Durham. I would have thought the thriving RTP would have helped!

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