Parents are going into deeper credit card debt to cover back-to-school expenses
American households are struggling to afford back-to-school items such as backpacks, clothing and books. It's why millions of parents are carrying debt to make sure kids have what they need.
Credit card delinquency rates hit worst level since 2012 in new Fed study
A growing number of Americans are struggling to make their credit card payments every month as they continue to battle high inflation and interest rates.
Some vacationers expect to use credit card for more than $5,000 of summer travel
Some Americans plan to pay for vacations this summer with credit cards for points, while others are doing it because they can't afford to travel otherwise, a recent Debt.com survey said.
Credit card delinquencies are surging — and rising fastest in this California city
A new report published by WalletHub shows that credit card delinquencies are rising the fastest in Chula Vista, California, which is a suburb of San Diego.
4 ways Americans use credit cards to purchase and plan for the future
Explore the reasons why 82% of US adults use credit cards and how they navigate the potential rewards and risks to their financial health.
American Express takes further control of restaurant reservations
American Express recently acquired yet another restaurant booking platform. The company, which already owns Resy, offers its cardmembers exclusive reservations benefits.
Visa, Mastercard can likely handle swipe-fee settlement bigger than $30 billion: judge
A judge who rejected a proposed $30 billion settlement between card issuers Visa and Mastercard and merchants said the issuers could likely handle a "substantially greater" settlement.
Judge rejects multibillion Visa, Mastercard settlement in swipe fee case
A federal judge on Tuesday rejected a proposed $30 billion settlement between card issuers Visa and Mastercard and merchants over swipe fees assessed on customers' transactions.
Most travelers trying to keep frugality in mind when planning summer travel: Experian
Gen Zers may be willing to spend on travel to live events, but most consumers remain frugal when planning their summer trips.
Buy now, pay later products to be treated like credit cards, CFPB says
BNPL lenders must now follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, the CFPB said.
Consumers want credit products despite high interest rates: TransUnion
A recent TransUnion report said consumers had more than 543 million bank cards in their wallets in the first quarter of 2024, an increase of 20 million year over year and more than 88 million from just three years ago.
eBay ditching American Express as a payment option this summer
eBay customers will no longer be able to use American Express credit cards to pay for purchases on the popular online marketplace come mid-August, eBay said.
Consumers discouraged by high interest rates and deteriorating financial health: study
Many financially strained consumers are unhappy with their lenders as interest rates continue to rise.
Financial dangers of store credit cards can be ‘severe,’ expert warns
Financial planner and "What Should I Do With My Money?" author Bryan Kuderna breaks down the hidden dangers with store credit cards as more Americans take on debt.
Walmart, Capital One end exclusive consumer credit card agreement
Capital One and Walmart announced the end of their exclusive consumer credit card partnership that began in 2019, though cardholders can continue to use their cards and earn rewards.
Credit card usage is up as inflation continues to rise
Most Americans are dealing with high levels of credit card debt, but Gen Z is particularly prone to high credit card debt.
Bond King Jeffrey Gundlach warns over US economy as Americans' debt piles up: 'Concerning'
DoubleLine Capital CEO and founder Jeffrey Gundlach weighs in on the state of the U.S. economy and whether the country will go into a recession this year.
Visa changes coming this year will mean fewer cards for Americans
Visa says it has "reinvented" the card, and Americans will soon be able to make payments from multiple credit and debit account options using a single card.
Credit card debt is surging as average American owes $6,218
New data published Thursday by TransUnion shows the average debt per borrower hit $6,218 at the end of the first quarter, an 8.5% increase from one year ago.
Texas judge stops Biden Administration rule that caps credit card late fees at $8
The Biden Administration is trying to stop junk fees, but a judge put a stop to a rule capping credit card late fees at $8.