A lot more Americans say they’re likely to apply for a store credit card this holiday season than did in either of the previous two years, according to a new report from CompareCards by LendingTree. That’s despite the fact that more than half (56%) of people who say they’ve had a store credit card say […]
What’s the average credit card APR in America today? To find out, CompareCards by LendingTree reviewed about 200 of the most popular credit cards in the country to come up with a comprehensive look at the state of credit card APRs today. We’ll do this every month and publish the results here. In this post: […]
Consumer credit card balances fell sharply in August, according to the latest consumer debt data from the Federal Reserve. The latest Fed data shows that consumer revolving debt fell at an annualized rate of 11.3% in August, leaving Americans’ outstanding consumer credit card balances at $985.3 billion. It is the lowest that revolving credit balances […]
Nearly 6 in 10 credit cardholders say they are better off financially today than they expected to be when the pandemic began, according to a new report from CompareCards, although there were stark differences between responses from men and women. Over six months into one of the most financially chaotic periods in our country’s history, […]
Despite an increase in credit card fraud attempts during the pandemic, only 33% of Americans checked their credit reports in the past year. This represents a drop from 2019, when 39% checked their credit reports, and 37% in 2018. Yet, checking your credit reports has never been easier: For the past four months, consumers have […]
For the second year in a row, the percentage of American drivers who say they’ve been a victim of card skimming at the gas pump in the past year has grown significantly, according to a new report from CompareCards. Nearly a third of those who purchased gas in the last 30 days believe they’ve been […]
This back-to-school season is unlike any we’ve ever seen. With the school year riddled with uncertainty, it’s no wonder 2 in 3 parents said they’re stressed about shopping for gear and supplies. CompareCards’s annual Back to School survey of parents reveals a significant stress uptick compared to last year’s report, along with some other pandemic-related […]
The convenience and easy access of subscription services at home has created a boom in new subscribers during the COVID-19 pandemic. While using subscriptions can save money on gas and going out to eat, the auto-renewals of subscriptions may bust some household budgets. To find out if the latest spike in subscription services is indicative […]
About 70 million people – more than one-third of credit cardholders – said they involuntarily had a credit limit reduced or a credit card account closed altogether in a 60-day period stretching from mid-May to mid-July, according to a new survey from CompareCards. The report is a clear sign that credit card issuers are still […]
In business they say the customer is always right. For some consumers, that statement not only applies to customer service, but also describes their ideology on political and social issues. A substantial percentage of consumers who feel that a company is behaving wrongly are willing to boycott that business, according to a new report from […]
Air travel internationally and domestically came to a screeching halt in April due to the spread of COVID-19. Data from the Bureau of Transportation Statistics (BTS) estimates U.S. airlines carried 96% fewer passengers in April 2020 than in April 2019. Despite travel picking up some since April, we have yet to see a return to […]
As the COVID-19 crisis wreaks havoc on the American economy, the impact on credit cardholders has been massive, but maybe not in the way experts might have predicted when the outbreak began, according to a new report from CompareCards. CompareCards took a deep dive into more than 400,000 anonymized credit reports of credit cardholders in […]
