Credit card debt hits record high
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.
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card.
Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates.
A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will ...
He has written for a variety of ... When deciding between credit cards, picking the one with the lowest interest rate is your best bet, all else being equal. While the difference between ...
The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, ...
New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could ...
Josh Hawley, Bernie Sanders Propose Capping Credit Card Interest Rates At 10% ...
Use your card for everyday spending and bills: Earning more rewards with a flat-rate card is easiest when you use it for ...
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A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...
Senators Bernie Sanders and Josh Hawley introduced new legislation that would cap interest rates on credit cards at 10% to ...
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