Americans' credit card and household debt reach all-time high
Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found.
What is the rule of 72 for credit card debt (and why does it matter)?
The rule of 72 exposes the true cost of procrastination when it comes to credit card debt. Here's how it works.
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
This Week In Credit Card News: Credit Card Debt Still At Record Levels
Americans Struggle With Record Credit Card Debt U.S. credit card debt reached a record $1.17 trillion in the third quarter of 2024, growing from $770 billion in the first quarter of 2021 and the share of active credit card holders making just minimum payments rose to 10.75%, the highest percentage ever in data going back to 2012. [ The Guardian]
American credit card debt pushes to new record high once again
Following the trend of the last several months, Americans’ household debt has increased once again to new record highs, according to the Federal Reserve Bank of New York.
4 ways my credit card perks help me travel like I'm rich, even though I'm not
My favorite credit card perks offer me luxury travel experiences typically reserved for the wealthy, such as helicopter rides ...
Why I never use my personal credit card for free trials, and what I do instead
Keep in mind that Privacy cards don't have the same protections as credit cards. They work like debit cards. So, if you give ...
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Got Fair or Average Credit? Here's How a Credit Card Can Help Raise Your Score Even Higher
Look for cards with low fees and transparent terms, and don't forget to continue practicing good credit habits.
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Officials issue warning after credit card skimmer found at Phelan gas station
Deputies discovered the skimming device after a customer who had used a pump at the gas station noticed fraudulent charges to ...
Can I cancel a credit card application?
To cancel a new credit card, start by checking your balance and then call your card issuer: Make sure any outstanding ...
Postal worker accused of stealing credit cards from mail on her route
A U.S. Postal Service worker is accused of stealing credit cards she was supposed to deliver. Channel 2 Cobb County Bureau ...
RFK Jr. Reports $1.2M Credit Card Balance. How Much Credit Card Debt Is OK?
Newly confirmed HHS Secretary Robert F. Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt.
What happens if you go over your credit card limit?
Going over your credit limit can result in declined transactions, over-the-limit fees and a possible decrease in your credit ...
Can you pay your taxes with a credit card? Yes, but it’s not a smart financial move
Sure, the IRS allows Americans to pay their taxes with a credit card or a debit card. But the extra convenience comes with ...