Experian explains that the average credit card balance among U.S. consumers was $6,730 as of Q3 2024, an increase of 3.5% ...

Credit card interest rates and balances have been on a roller coaster over the past several years, and inflation has been a key contributing factor. For example, in November 2024, the latest month for ...

With the Fed holding steady, credit card borrowers won’t see relief too soon, but high-yield savings accounts should stay ...

Capping credit card interest rates is starting to look like the hot policy idea of the season for populist lawmakers on both the left and right. This month, Rep. Alexandria Ocasio-Cortez, the ...

Interpreting patterns in consumers' credit card usage means understanding credit cards as two different products in one, according to West Virginia University economics research.

New bipartisan legislation has been introduced to immediately enforce an interest rate cap of 10 percent on credit cards.

You won't get ongoing rewards or perks, but it's a terrific option for paying down debt or financing a large purchase. Many or all of the products on this page are from partners who compensate us ...

There are also situations where consumers carry debt on cards with sky-high rates even when low interest rate or 0 percent APR credit cards are available. Sixty-seven percent of Americans with ...

There's no credit check, no interest and no minimum required security deposit. The card lets you allocate money toward your credit limit; you can spend only as much as you put aside. The card is ...

People over 54 posted the smallest increase of just 1.3 per cent to $3,950. The credit card delinquency rate has also stayed around the 1 per cent to 3 per cent range across the age groups.

Claire Dickey is a Newsweek senior editor based in Florida. Her focus is reporting on personal finance news, with extensive coverage related to credit cards and banking. Claire joined Newsweek in ...

Alexandria Ocasio-Cortez, D-N.Y., teamed up to push a measure that would cap credit card interest rates at 10%. "The annual percentage rate applicable to an extension of credit obtained by use of ...