Credit Cards
Americans' credit card and household debt reach all-time high
Americans' household debt levels, including credit card debt, rose to new all-time highs in the fourth quarter of 2024, according to a report by the…
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Many personal loan borrowers rely on loans for everyday expenses as cost of living grows
The personal loan market is growing, in part due to the high cost of living. About 14.5% of borrowers use…
1 in 3 Americans maxing out credit cards because of inflation: survey
Economic hardship is causing more people to rely on credit to cover living expenses, and some have even maxed out…
Credit card delinquency rates hit worst level on record
Americans are drowning in credit card debt. New data published by the Federal Reserve Bank of Philadelphia shows that a…
Chase allowing advertisers to target customers based on purchases
Chase announced Wednesday it has launched a new media business that allows advertisers to target the bank's 80 million U.S.…
Americans are draining their retirement accounts, racking up debt due to high inflation
Chronic inflation hinders millions of Americans' ability to prepare for their financial future, according to a new study published by…
Six moves you’re making that can ruin your credit score
One of the most important lessons regarding your finances to understand is to preserve and protect your credit score, as…
Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt
Interest payments for U.S. consumers are through the roof. Last quarter, consumers spent a record-high $1.1 trillion on interest payments…
Swipe fees cost consumers an estimated $578 million on Valentine’s Day: Study
Consumers likely paid hefty fees on Valentine’s Day if they bought gifts using credit cards. Swipe fees — fees credit…
High debt is causing more consumers to live paycheck-to-paycheck
Many workers are living paycheck-to-paycheck, with about one in three citing debt as one of the main reasons why, according…
CFPB finalizes rule capping credit card late fees at $8 on average
The Consumer Financial Protection Bureau (CFPB) is finalizing a rule that limits how much consumers are charged in late fees.…
Best rewards credit cards where you can use points toward things like travel, cash back
If you are going to be spending money anyway, you might as well earn some points when you swipe. There…
Credit card late fees capped at $8 under new Biden admin rule
The Biden administration on Tuesday finalized a new rule to cap all credit card late fees at $8, a move…
Credit card balances surge past trillion dollar mark as Americans struggle to build savings
Credit card balances hit a new benchmark in the fourth quarter of 2023, with balances topping the $1 trillion mark…
Credit card interest rates predicted to fall, but debt remains high
Predictions abound for credit card interest rates in the coming months. Like many interest rates, it's likely credit card interest…
How Capital One’s acquisition of Discover could impact consumers
In the wake of Capital One announcing plans to purchase Discover earlier this week, opposing views have already emerged over…
Capital One’s purchase of Discover faces political and regulatory hurdles
Capital One is plowing forward with plans to purchase Discover Financial, but the proposed acquisition is expected to face major…
Capital One, Discover merger will break Visa-Mastercard ‘duopoly,’ analysts say
Capital One Financial's $35.3 billion deal for Discover Financial would create new competition for payments behemoths Visa and Mastercard, potentially…
Consumer spending and debt are up as US economy begins rebound
Retail and food service purchases hit an estimated $700.3 billion in January 2024, a 0.6% rise from the year before,…