Credit card balances shot up in October, according to the latest consumer debt data from the Federal Reserve. The latest Fed data shows that consumer credit card debt increased at an annualized rate of 8.8% in October, leaving Americans’ outstanding consumer credit card balances at a record $1.089 trillion. This month’s jump comes on the heels […]
Nearly three-quarters of cardholders have a credit card issued by their primary bank — the bank where they have their main checking account — according to a new report from CompareCards, and it could be causing them to miss out on opportunities to shop around for a better deal. The two groups most likely to […]
What’s the average credit card APR in America today? To find out, CompareCards by LendingTree reviewed 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: New […]
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 […]
The holiday travel season will be here before you know it. This year, you should be prepared for a record number of passengers to travel by plane. U.S. airlines carried a record high 1 billion passengers in 2018, 4.8% more than the previous year, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics […]
Did you have a credit card close involuntarily last year? Turns out, you aren’t the only one. CompareCards conducted an online survey of credit cardholders and found that one in seven cardholders experienced just that. The causes varied, but about 14 percent of cardholders had the unpleasant experience of having an involuntary credit card closure. […]
Credit card debt is not something that anyone would aspire to, but it can be a far more complicated story than simple overspending. As Matt Schulz, CompareCards chief industry analyst, put it, “There are almost as many causes of credit card debt as people who have it.” But disquieting new data suggests one cause that’s […]
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 […]
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 […]
If you’ve ever felt so moved by your financial situation that you cried over it, you’re far from alone. According to a recent survey by CompareCards.com, nearly 70% of Americans admit to becoming emotional over their finances. While some say they’ve been moved to tears by joyful events, such as a financial windfall or treasured […]
With the average APR now over 25%, store credit card APRs have risen further in the past year, according to a new report from CompareCards.com. But consumer demand for these cards is growing, too, even though about half of retail cardholders have regretted getting one in the past. Nearly one in three Americans said they’re […]
More and more people are flying. U.S. airlines carried an all-time high estimated 77.9 million (domestic and international) in July 2019, according to the Bureau of Transportation Statistics’ (BTS) estimate. And, with so many people hitting the skies, overall, the prices have gotten better. The 2018 average domestic itinerary airfare of $350 was the lowest […]
