For millions of parents, back-to-school shopping is dreaded even more than holiday shopping. According to a new report from CompareCards, about one-third of those who will do it say back-to-school shopping is both more stressful and more expensive. With the new school year fast approaching, we asked Americans what they thought of the yearly ritual […]
Another month, another significant jump for American credit card balances. The latest consumer debt data from the Federal Reserve shows that consumer credit card debt grew 8.2% in May, lifting Americans’ outstanding consumer credit card balances to $1.072 trillion — extending the all-time record. It’s the second consecutive month that we’ve seen growth of around […]
About 1 in 4 Americans who attended a music festival in the past year are currently paying off debt related to a festival, according to a new report from CompareCards.com — and that includes nearly a third of millennials. Giant music festivals like Lollapalooza, Coachella, Bonnaroo and Austin City Limits grab lots of headlines, but […]
When the words “debt” and “millennial” are written in the same sentence, it usually has to do with the nation’s trillion-dollar student loan debt crisis. But a recent CompareCards survey found that student loan debt isn’t the most common debt weighing down millennials: It’s credit card debt. Sixty-seven percent of millennials report having credit card […]
Americans’ credit card confidence took a big hit in July, reaching an 11-month low, according to a new report from CompareCards.com. Each month, CompareCards surveys American credit cardholders about their ability to pay their credit card bills. We ask how confident they are that they’ll be able to pay their cards’ monthly statement balance in […]
Was your credit card declined in the past year? If so, you’ve got plenty of company. More than 1 in 5 consumers (22%) say it happened to them at least once in the past 12 months. While most people associate getting declined with being in a bad credit situation — and an embarrassing one at […]
Credit cards were the fourth most complained about financial product to the Consumer Financial Protection Bureau (CFPB) in the past four years, and complaints are becoming more negative and common, according to a new study by CompareCards.com. Anyone who has ever called a bank or credit card issuer to dispute a charge on a statement […]
More than 4 in 10 credit cardholders said they paid their monthly credit card statement balances in full every month for the past six months, according to a new report from CompareCards.com. That’s a 10-month high and another sign Americans remain very confident in their ability to pay their credit card bills, despite a clear […]
More than 8 in 10 American credit cardholders would support some version of a credit card interest rate cap similar to the one recently proposed by Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez, according to a new report from CompareCards.com. However, the report showed major cracks in support for a cap when cardholders were asked […]
Twenty-three percent of American drivers suspect they’ve been a victim of credit card or debit card skimming at a gas pump in the past 12 months, according to a new report from CompareCards.com. That’s up from 15% just a year ago, and concerns over skimming are leading more and more people to change their payment […]
About 1 in 6 credit cardholders in America’s biggest cities carry a balance of $10,000 or more, according to a new report from CompareCards, and none of those cities has a higher percentage of these cardholders than Bridgeport, Conn. CompareCards analyzed a representative sample of Americans to see which of the 100 largest metropolitan statistical […]
Does the sight of yet another wedding invitation make you sweat? Wedded bliss can come at a cost if you’re looking to celebrate a close friend or family member’s day in a big way. And the lovely couple aren’t the only ones who are looking at a hefty bill. Bridal party members can be hit […]
