I was browsing online news and accidentally I stumbled this article about Cindy McCain Credit Card Debt. Cindy McCain, Brew heiress, wife of Sen. John McCain, a potential first lady revealed that she owes atleast $250,000 and as much as half a million on her credit card bills!.

Cindy McCain Credit Card Debt between $100,000 and $250,000 each on two American Express credit cards based on the disclosure statements which reveals a range of debt not a precise figure.

That is really an awful lot of debt! but taking into consideration the income of Mrs. McCain which is $6 million in 2006 and couple’s total household assets between $24.6 million to $39.5 million then Cindy McCain credit card debt amount is simply peanut to her.

Here are additional links:

• The New York Times: Disclosures Give Look at Candidates’ Personal Finances
• MSNBC.com: McCain, wife owed $225,000 in credit card debt
• Houston Chronicle: The McCain’s Credit Card Debt Could Be $250,000
• Atlantic.com: McCain, Obama, Debt
• Topix.net: Cindy McCain Credit Card Debt
• Google News: Cindy McCain Credit Card Debt

This is just an example that the more asset or earning you have the higher the credit card you will likely have. For me basically I use my credit card for cheap online transaction and super-urgent & important purchases wherein I’m short of cash. If you are going to look in my old post you will see that I’m seriously clearing out my credit card debt which is just a very tiny fraction of Cindy McCain Credit Card Debt.