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Ever since the financial crash happened, I would say the average credit limit for a new card from a new issuer is $2k to $4.5k for those with good credit. Those with excellent credit probably have an average credit limit on new cards that is higher, if they already have high limit accounts.
Credit card utilization for those ages 18-24 is 31 percent with an average credit limit of about $5,700, compared with 20 percent for all age groups. Looking at the 25-34 age group â those more likely to have established employment history â utilization drops to 24 percent and credit limits rise to just over $11,000.