Category: Credit Cards
Credit card debt is one of the two main sources of debt that causes challenges for consumers who are working to maintain a balanced budget. They’re a double-edged sword – providing purchasing convenience and incentives at checkout, but also adding financial stress to your budget. When credit card debt gets out of control, it can be tough to maintain stability so you can achieve your goals. We have the latest news, data statistics and trends in the credit card industry, as well as key updates from major credit issuers so you can use credit to your advantage while avoiding problems with debt.
December 30th, 2016 | Meghan Stewart
With average credit card debt in the U.S. now at $16,061, Americans are walking a fine line between financial stability and financial distress.
Credit Cards, Debt Relief
December 26th, 2016 | Meghan Stewart
The Fed’s interest rate hike last week doesn’t just affect your rates on new loans. Your credit card balances may be higher now, too, with increased APR.
November 9th, 2016 | Meghan Stewart
We look at which generation has the most credit card debt and explain why no matter how old or young you are, there’s no reason to carry a credit card balance.
October 17th, 2016 | Meghan Stewart
If you use prepaid credit cards to avoid high-interest debt, the CFPB has some new prepaid card protections that will affect your usage and accounts.
Consumer Rights, Credit Cards
October 10th, 2016 | Meghan Stewart
The latest rate increase could impact your budget. See how much you can expect your credit card bills to increase after the new rates take effect.
October 3rd, 2016 | Meghan Stewart
A new credit card offers big rewards in exchange for a whopping $450 annual fee. We explain how to weigh the benefits of a credit card versus its cost.
September 30th, 2016 | Meghan Stewart
The average credit card interest rate is now at 15.22%. What does that mean for your ability to manage credit card debt effectively within your budget?
September 28th, 2016 | Meghan Stewart
Americans racked up more credit card debt in the second quarter of this year than any other year before. Are consumer debt levels becoming unsustainable?
Credit Cards, Debt Relief
September 21st, 2016 | Meghan Stewart
Those credit card offers you receive are more tailored to your finances than you think. Here’s the truth about how companies send offers to consumers.
September 14th, 2016 | Meghan Stewart
A new study finds most customers can’t understand credit card agreements. We explain what you’re missing and how to get up to speed with your agreement.