Why are credit card interest rates still so high right now?
Credit card debt is a growing issue nationwide — with the total amount of card debt in the U.S. recently surpassing $1.14 trillion, a record high. While there are numerous factors driving the trend, inflation has been one of the more impactful.
How many Americans are falling behind on their credit card payments?
Currently, Americans owe $1.14 trillion in credit card debt. Higher prices and interest rates put pressure on consumers, making it harder for many to keep up with their payments. Young adults, in particular, are affected by this.
Americans Held Less Credit Card Debt In August—That’s Not Necessarily A Good Sign
Key Takeaways Revolving debt, which is mostly credit cards, fell by $1.4 billion in August, the largest decrease since 2021. That figure typically increases each month.Falling credit card debt could mean people are cutting back their spending or cannot get credit rather than voluntarily paying down debts.
Will credit card debt forgiveness cover my $20,000 debt?
Credit card debt can be a hefty financial burden — and it's one that millions of Americans are carrying right now. During the second quarter of this year, the total amount of credit card debt nationwide was $1.
The 4 Biggest Mistakes You Can Make When Paying Off Credit Card Debt
Credit card debt can be an expensive problem to have. Watch out for these mistakes that could keep you in debt even longer and cost you more money.
9 credit card myths that can cost you
Common credit card myths include misconceptions about carrying balances, exaggerated consequences of closing cards and the ...
‘I want the calls and letters to stop’: My mother died owing $17,000 in credit-card debt. The creditors want their money. Will I have to sell her house?
I can’t afford a lawyer. My mom passed away in May from Alzheimer’s. I was her primary caretaker. In 2015, my mom created a ...
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5 Things to Know About the Horizon Hobby Credit Card
But the company also offers a tiered loyalty program, independent of its co-branded credit card, that already rewards members ...
Best unsecured credit cards for bad credit
To determine which unsecured cards offer the best value for anyone with bad credit, CNBC Select analyzed over 250 major ...
U.S. credit-card debt declines for second time in past three months, signaling plateau in borrowing
Consumer credit rose $8.9 billion in August, after surging a revised $26.6 billion in July, the Federal Reserve said Monday.
This Week In Credit Card News: Hurricane Aftermath Causes Payment Problems In Affected Areas
After Hurricane Helene devastated much of the southeastern U.S., survivors of the wreckage wrought by the storm are grappling ...
The best credit card combos: Maximize rewards and cash back for every dollar you spend
Capital One’s best cash-back card is the Capital One Savor Cash Rewards Credit Card — which earns 10% cash back on purchases ...
Our luxurious vacation cost 1 million credit-card points and $12,000. We spent 14 days in Europe and never flew less than business class.
I used almost a million credit-card points to take my family of four on a two-week trip across Europe. We flew first class ...
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4 Reasons Your Credit Card Could Get Declined -- and How to Fix Them
You also can't spend more than your card's credit limit. Does anyone else get weirdly embarrassed when their credit ...
Carrying a Credit-Card Balance Has Gotten Way More Expensive
Americans can’t remember a time when it cost as much to carry a credit-card balance. Banks have been raising interest rates ...