Credit Cards

Apple became the first public company to close a trading day with a market cap over $3 trillion Friday, even as Goldman Sachs reportedly looks to shed its credit card partnership.

Senators reintroduced bipartisan legislation that aims to reduce swipe fees for credit cards by increasing competition within the industry but would also remove the key funding mechanism of cash back rewards and points.

A report by CreditCards.com found that Mississippi had the highest credit card debt burden in the U.S. when factoring in household income while Massachusetts had the lowest.

Signs are emerging that BNPL providers have had to slow down lending and become more selective to turn a profit in the current tighter lending environment, according to a Wall Street Journal report.

House Democrats recently introduced the American Family Act of 2023, legislation that seeks to restore the expanded, monthly Child Tax Credit to parents across the U.S.

While investors are optimistic the Federal Reserve will pause interest rates this month, the move is unlikely to bring relief to stretched consumers holding credit card debt and variable rate loans.

Alternative debt financing products like medical credit cards and medical installment loans can weaken consumers' financial well-being, the CFPB warned in a recent report.

U.S. credit card balances increased 20% in the first quarter of 2023 compared to last year, a recent TransUnion report said.

Lawmakers are pushing legislation that would reform the credit card industry with the purpose of fostering greater competition, prompting widespread outcry from a diverse coalition.

There are many different credit cards that provide users with rewards based on their spending. These rewards come in the forms of cash back, points or miles.

New York Federal Reserve data released Monday shows household debt hit a fresh record in the first quarter of 2023 as high inflation squeezes Americans.

Nearly half of Americans (46%) said they would also consider BNPL an alternative financing method to credit cards or cash, according to a recent survey.

Federal Reserve data released Monday is expected to show that U.S. households are carrying $1 trillion in credit card debt, the highest level on record.

Checking your credit score can help you in many ways, especially if you're about to take out a new line of credit such as new credit card or a new loan from a bank.

Inflation and rising costs mean Americans will spend more on Mother's Day. The National Retail Federal forecasted that shoppers will spend a record $274 per person on gifts for moms this year.

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit tier decreased, according to VantageScore.

The CFPB announced an extension of the comment period for proposed changes to credit card late fees regulations.

While buy now, pay later plans offer financial flexibility, they introduce a high risk of debt, and can leave the user unprotected if something goes wrong.

Personal loans, 0% balance transfer credit cards and debt repayment are all options for paying down credit card balances and maintaining healthy finances.

High inflation and interest rates pushed 35% of Americans to drain cash from emergency savings and 26% have skipped or are considering becoming delinquent on their credit cards, a recent survey from Achieve said.