Higher rates benefit those who can save, but for borrowers, falling rates would reduce bills on credit cards, student loans and other forms of debt.
Category: Credit Cards
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Lugging Credit Card Debt Into 2024? Now’s the Time to Make a Plan
Most Americans with card debt have not outlined a way to bring it down, a new report says. There are ways to get help.
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Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
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What the Fed’s Moves Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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Why Banks Are Suddenly Closing Down Customer Accounts
Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.
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What Fed Rates Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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Battle Over Travel Rewards as Delta and Others Rethink Loyalty Programs
Delta Air Lines reversed course on some changes to its SkyMiles program, but across the travel industry, loyalty programs, which now rely more on credit card spending than miles flown, are in flux.
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Gen Z Is Poised to Spend More on Debt Than Others. It Could Derail Retirement.
Young adults are struggling to keep up their credit scores and paying an increasing amount of disposable income servicing their debts.
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What Fed Rate Moves Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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Travel Rewards Cards: How to Maximize Points, Perks and Miles
The range of perks you can earn is almost as bewildering as the rules to get them are. Here’s how to compare cards and get the most out of the ones you have.
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U.S. Consumers Are Showing Signs of Stress, Retailers Say
Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.
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Credit Card Debt Hits New Peak as Some Borrowers Face Financial Strain
Debt rose to more than $1 trillion in the second quarter, a report found — a sign of financial strain for some, even before student loan payments resume.