Card offer details were accurate as of October 17, 2018. Nearly half of Americans who have had a store credit card have regretted getting one, according to a new report from CompareCards.com. That means that millions of Americans wish they’d chosen differently when faced with a decision that countless consumers face every single day, and […]
Despite a strong economy and low unemployment, millions of American credit cardholders still aren’t paying their credit card bills in full at the end of the month — and the problem is particularly acute for women, according to a new report from CompareCards.com. One in five cardholders said they had never paid their credit cards’ […]
The Federal Reserve is about to raise interest rates for the eighth time since 2015, and that means that your credit card’s APR is about to go up again, too. We likely know how much it will increase: a quarter of a percentage point. That’s how much the Fed has increased rates the previous seven […]
Average Credit Card Interest Rate Highest In 20 Years Highlights The average annual percentage rate (APR) consumers pay on credit card debt is 15.54%. Credit card rates have been increasing more than other types of consumer loan rates. Revolving credit balances continue to increase. Collectively, Americans carry $999 billion in credit card and other revolving […]
With fewer than 100 days left until Christmas, many Americans are just shifting into the 2018 holiday shopping season. When it comes to holiday shopping — or shopping in general — it’s stereotypically unexpected to see men ahead of the curve, but that’s exactly what the latest CompareCards survey reveals. The survey found among U.S. […]
In the year since the announcement of the Equifax data breach, which exposed the personal information of some 148 million Americans, 91% of consumers said they took some sort of action to protect themselves from identity theft, according to a new survey from CompareCards.com. Equifax publicly announced the data breach on September 7, 2017. As […]
Credit and debit card skimming is a growing threat to consumers filling up at the gas station — so much so that it has made an impact on how Americans pay for gas, according to a recent survey by CompareCards. Skimming is a type of fraud whereby criminals steal data through bogus card readers they […]
A recent survey revealed that nearly 40% of people with rewards credit cards also carry debt on those cards, negating some or all the benefits rewards cards provide. On average, the balance is often nearly enough to swamp any benefit the cardholder might receive rewards-wise from the card. CompareCards.com surveyed 1,051 Americans with at least […]
The question — “Would you like to sign up for a store card?” — is a customary, sometimes irritating, part of the store checkout process. While store cards can be great ways to access discounts and other benefits, they can also be among the most expensive credit cards out there with rates often surpassing 20% APR. Who […]
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, […]
From Irish castles to exotic beaches, the attractions of a destination wedding are many. Romance meets travel in a destination wedding and creates the opportunity for an unforgettable wedding experience, more quality time with guests and a mini vacation for everyone. More brides and grooms are tying the knot in far flung locations. One in […]
Highlights The average annual percentage rate (APR) consumers pay on credit card debt is at an 18-year high, despite historically low interest rates across a variety of consumer credit products. Consumers paid down credit card and other revolving debt by $52.7 billion over the past three months, ending March 2018. That’s the largest paydown since […]
