Stories Tagged as
Credit Cards
Nearly half of Americans are still paying off 2023 holiday debt, survey says
Nov 29, 2024
The proportion has doubled since last year. Amid constant advertising, more people have credit card balances and those balances are rising.
Data shows more loans are being rejected — but why?
by
Justin Ho
Nov 19, 2024
The New York Federal Reserve found that rejection rates for loan applications are higher than they were in 2023 for credit cards, auto loans, mortgages and refinances.
American consumers continue to rack up debt
Oct 7, 2024
Consumer credit overall increased, while revolving debt — that’s mostly on credit cards — was down 1.2%, according to the Federal Reserve.
Americans added more than $11 billion of consumer debt in May
Jul 9, 2024
The amount includes money owed on things like credit cards, auto loans and student loans. Delinquencies are also rising.
Credit card companies see big opportunity in small business spending
by
Justin Ho
May 17, 2024
Small business spending has been fairly slow recently, according to American Express. But credit card companies see a lot of potential in the market.
Gen Z is taking on more credit card debt
May 9, 2024
The credit bureau TransUnion is out with a report showing that borrowers aged 22 to 24 are carrying an average of $2,834 in credit card debt — about a quarter more than millennials in the same age range a decade ago.
A cap on credit card fees would hurt department stores most
Apr 29, 2024
Charge cards have become an important piece of the bottom line for department stores, including Nordstrom, Macy’s and Kohl’s.
For public good, not for profit.
The fees war between retailers and credit card companies is heating up
Feb 26, 2024
Merchants paid $126 billion in credit card fees in 2022, up 20% from the year before. The pushback is playing out in lobbying campaigns and Congress.
Buying Discover would make Capital One bigger — and give it a payments network
Feb 20, 2024
There are only four such networks for credit cards, and building a new one can take decades.
Larger credit card issuers charge higher rates than smaller ones
Feb 16, 2024
Consumers often choose a familiar name, despite the costs. The CFPB's findings come as credit card debt in the U.S. is rising.