Credit Card Statistics: Comparing 2010 To 2020

When the 2010s began, the credit card business was reeling from the impact of the global economic crisis and the massive regulatory changes that soon followed.   Ten years later, consumers are eager to spend on their credit cards, banks are falling all over themselves to find more people to lend to and the industry has […]

Read More

Read More Just Half of Married Americans Know They Can Include Their Spouse’s Income on a Credit Card Application

Just Half of Married Americans Know They Can Include Their Spouse’s Income on a Credit Card Application

Just over half of married Americans know they can include their spouse’s income on a credit card application, according to a new report from CompareCards.com. That means that millions of cardholders may be settling for unfavorable terms than they deserve from their credit card issuer, including lower credit limits. The intersection of credit limits and […]

Read More

Read More Cardholders Less Confident About Paying Card Bills This Holiday Season Than Last

Cardholders Less Confident About Paying Card Bills This Holiday Season Than Last

Americans are feeling less confident about paying their credit card bills in full this holiday season than they did during the last one, according to a new report from CompareCards by LendingTree. The latest CompareCards Credit Card Confidence Index shows that only 40% of cardholders feel “very confident” about paying their credit card’s monthly statement […]

Read More

Read More Cardholder Confidence Grows For First Time Since April

Cardholder Confidence Grows For First Time Since April

Consumers felt more confident in their ability to pay their credit card bills in full in October, according to a new report from CompareCards.com. It’s the first monthly increase since April. Each month, CompareCards surveys American credit cardholders to gauge how they feel about their ability to handle their credit card bills. The survey asks […]

Read More

Read More The Maxed-Out Credit Card Capital Of The U.S. Is…

The Maxed-Out Credit Card Capital Of The U.S. Is…

Nearly 1 in 3 cardholders in Bridgeport, Conn. have a maxed-out credit card. That’s the highest percentage among the nation’s 100 largest metropolitan areas, according to a new report from CompareCards.com, but plenty of other big American city residents are not far behind. CompareCards analyzed an anonymized sample of credit reports from 1.3 million My […]

Read More