Read More CompareCards Credit Card Debt Report – June 2018

CompareCards Credit Card Debt Report – June 2018

Highlights Another quarter-point Federal Reserve rate hike in June will result in an additional $2.2 billion in interest payments annually for credit card users carrying balances. If the Fed makes two additional quarter-point federal funds rate increases this year as forecast, that means $10 billion more in credit card balances in 2019 that will be […]

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Read More CompareCards 2018 Credit Card Fee Study

CompareCards 2018 Credit Card Fee Study

Highlights Credit cards have an average of 4.35 types of fees, according to CompareCards 2018 Credit Card Fee Study. Two cards — both no-frills credit cards from credit unions — had only a single fee. One card in our survey had as many as nine fees. Credit union-issued credit cards have 2.73 fees per card, […]

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Read More Survey: Almost Half of Americans Overlook Valuable Credit Card Insurance and Protections

Survey: Almost Half of Americans Overlook Valuable Credit Card Insurance and Protections

The travel insurance industry is growing by leaps and bounds. Yet, travel insurance policies can be confusing for travelers and could add unnecessary expenses to travel spending. Americans spent almost $2.8 billion on travel insurance in 2016, a 19% jump from 2014 according to the U.S. Travel Insurance Association. Travelers typically pay 4%-10% of their […]

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