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Credit Cards

Consumer credit is up almost 7% since this time last year

by Mitchell Hartman
Dec 8, 2022
Credit card balances alone were up 15% in the third quarter. Higher prices for necessities and higher interest rates are contributing factors.
Credit card balances alone were up 15% in the third quarter.
Olivier Douliery/AFP via Getty Images
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Black Friday riddle: Consumers are financially stressed, but still spending

by Mitchell Hartman
Nov 25, 2022
Their debt levels are rising as the holiday shopping season ramps up. It helps that unemployment is low.
Black Friday shoppers take a moment to rest in massage chairs at the Opry Mills mall in Nashville, Tennessee.
Seth Herald/AFP via Getty Images
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Credit card debt is up 13% from last year, New York Fed reports

by Samantha Fields
Aug 3, 2022
That’s the biggest year-over-year increase in 20 years. Inflation is just part of the reason.
Credit card debt increased by 13% over recent months as consumers go back to pre-pandemic spending habits, like going to restaurants or traveling.
Matt Cardy/Getty Images
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Here's why the CFPB is concerned about credit card late fees

by Justin Ho
Jun 23, 2022
Credit card companies can change their fees based on inflation.
The limit on credit card late fees changes to allow for inflation.
Olivier Douliery/AFP via Getty Images)
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Can you negotiate your credit card rate?

by Julia Schiff
May 20, 2022
Credit Counselors can work with banks to bring down interest rates in order to get debt paid off.
Your credit card interest rate is negotiable — in a way.
Creative/Getty Images Illustration by Julia Schiff
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Double whammy: Credit card debt grows as interest rates rise

by Savannah Maher
May 9, 2022
Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.
After paying down credit card debt for the past few years, Americans have gone back to high spending.
Joe Raedle/Getty Images
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How might the removal of medical collection debt from credit reports help consumers?

by Stephanie Hughes
Mar 21, 2022
Credit reporting firms say they are making changes to the way they account for medical debt. That could help improve some people's credit scores.
erdikocak / Getty Images
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How has your credit score affected you?

by Daniel Shin
Feb 21, 2022
"Marketplace Tech" is exploring the credit score system and its algorithm. And we want to hear from you!
Your credit score can determine whether you receive a credit card or a loan.
NicoElNino/Getty Images
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Mastercard gets in on the "buy now, pay later" trend

by Caroline Champlin
Sep 29, 2021
But don't credit cards already work this way? Not quite.
Major credit card companies could be getting into the buy now, pay later space.
DAMIEN MEYER/AFP/Getty Images
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Mastercard is saying goodbye to the magnetic stripe

by Kristin Schwab
Aug 18, 2021
Credit-card changes are driven by security concerns, and it turns out that signature swipe has its own swath of problems.
Mastercard plans to swap the swipe payment process for the chip and touchless tap.
Bryan R. Smith/AFP via Getty Images
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