Credit Cards

Capital One customers not getting payments amid outage

Capital One said it is experiencing a technical outage that's keeping customers from getting payments.  The issue is tied to a third-party vendor and is

News Room News Room 2 Min Read

Your best advisor to finance and money management.

Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.

Latest News

Credit card debt rising in double-edged sword for the economy

Americans’ credit card debt is on the rise despite high borrowing costs that may tick up further later this year

News Room News Room

New survey sheds light on consumer debt

A recently released survey by Northwestern Mutual demonstrated that Americans who carry personal debt owe an average of $21,800, exclusive

News Room News Room

Loan delinquencies could be early sign of economic trouble: Report

Many Americans who saw their credit scores go up during the pandemic are delinquent on the loans and lines of

News Room News Room

Apple hits $3T in market cap, but changes could be coming to its credit card: report

Tech giant Apple made history Friday by becoming the first publicly-traded U.S. company to end a trading day with a

News Room News Room

Lawmakers reintroduce credit card legislation that may threaten consumers’ rewards

Credit Card Competition Act legislation, which could put consumer's rewards at risk, is being reintroduced in Congress. Sens. Roger Marshall,

News Room News Room

States with highest, lowest credit card debt burdens ranked in new report

A new report by CreditCards.com reveals which states have the highest and lowest credit card debt burdens and where consumers

News Room News Room

Legislative bill seeks to make expanded child tax credit permanent

Legislators in the House of Representatives pushed a bill forward that seeks to restore a COVID-19-era tax break for American

News Room News Room

CFPB warns about side effects of using medical credit cards, loans

Americans facing increasing health care costs are being lured into using alternative debt financing products like medical credit cards and medical

News Room News Room

A Fed pause likely won’t help struggling consumers

The Federal Reserve is expected to pause hiking interest rates at the conclusion of Wednesday’s meeting marking the end to

News Room News Room

New credit card bill targeting Visa-Master card ‘duopoly’ triggers lobbying onslaught

A bipartisan group of lawmakers led by Rep. Lance Gooden, R-Texas, is pushing legislation that would significantly reform the credit

News Room News Room

Best rewards credit cards and how points can be redeemed for travel, cash back or gift cards

Everyone has bills to pay, but why not get some money back for those expenses? That’s where rewards credit cards

News Room News Room

Many Americans eye buy now, pay later to gain more financial flexibility: Survey

Most Americans want financial flexibility when it comes to financing major life milestones and many are considering buy now, pay

News Room News Room

Household debt hit record $17T last quarter as inflation squeezes Americans

Americans racked up more debt at the beginning of 2023 – and a growing number of households fell behind on

News Room News Room

Credit card debt set to hit $1T as chronic inflation crushes Americans

Americans are drowning in credit card debt as chronic inflation makes the cost of everyday necessities more expensive.  The New

News Room News Room

How and when you should check your credit scores

Your credit score tells the story of your financial life and monitoring that score is important. "Your credit score is

News Room News Room

Inflation may add to what you’ll spend this Mother’s Day

Rising inflation may add to what you'll spend on gifts this Mother's Day, according to recent surveys. Overall prices for

News Room News Room

Here’s why consumers’ credit scores got a boost in March: Report

Consumer credit improved as borrowers made on-time payments and reduced debt balances in March, a recent report by VantageScore said.  Rising

News Room News Room

Proposed credit card late fee reduction could cost some consumers more, surveys say

The Consumer Financial Protection Bureau (CFPB) has said it wants to change how much consumers are charged late fees, but

News Room News Room