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.
A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will ...
Key Takeaways Senators Bernie Sanders and Josh Hawley introduced a bill last week that would cap credit card interest rates ...
Average APRs have inched down slightly, but you should focus on lowering your credit card balance as soon as you can.
New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could ...
Your credit card APR can go up if the prime rate changes, you paid your credit card bill late, your intro APR offer ended or your credit score dropped. If your APR increases, you can ...
Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...
There's a bipartisan debate underway in Congress to potentially cap credit card interest rates — and it involves an unlikely ...
The best travel credit cards offer more than just valuable rewards. They can help you save on foreign transaction fees, travel insurance and other travel expenses. Premium cards go further wit ...
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