Australians racking up credit card debt 29 May 2015 3:38PM Banking Day staff The findings from a survey commissioned by the ASX-listed financial services provider Mortgage Choice imply that more than 50 per cent of Australians have some form of credit card debt. Of those with a credit card debt, more one third of respondents have in excess of A$5,000 worth of debt. "When those with credit cards were asked how much debt they had, 35.4 per cent said they had more than $5,000 - the same level as this time last year," said Mortgage Choice spokesperson Jessica Darnbrough. "On the flipside, less than 11 per cent of Australians said they had under $500 in credit card debt. Furthermore, few Australians indicated that they actually pay their credit card off in full each month, with the majority preferring to pay just some of their debt off each month.""Debit cards provide a similar level of protection for online and over the phone purchases, without the significant interest rates."