Ten years after a landmark federal law transformed the credit card industry, a large majority of Americans say they still want more to be done to protect consumers. CompareCards.com surveyed more than 1,000 Americans to find out their views on the Credit Card Accountability, Responsibility and Disclosure Act of 2009 – better known as the […]
Credit card balances in America continue to climb. The latest consumer debt data from the Federal Reserve shows that consumer credit card debt rose 2% in December of 2018, pushing Americans’ outstanding consumer credit card balances to $1.045 trillion. It may not have gone up much — at least in terms of percentages — but it […]
Half of millennial credit cardholders say that their primary card has lasted them longer than their most recent romantic relationship, according to a new report from CompareCards.com. With Valentine’s Day approaching, CompareCards.com asked credit cardholders about their most recent credit card breakup – the last time they changed the credit card they use the most. […]
In the past year, about one-third of millennials and Gen Xers boycotted a company or product that they had spent money on in the past, according to a new CompareCards.com report. More than one-quarter of those age groups are still actively boycotting a product today. With boycotts regularly making headlines, CompareCards.com asked Americans their views […]
Nearly 3 in 10 American adults applied for a store credit card during the 2018 holiday season, according to a new report from CompareCards.com, and millennials led the way. With the holidays still fresh in our memories, CompareCards.com asked Americans to look back at some of their spending behaviors. We asked whether consumers had applied […]
Nearly two-thirds of credit cardholders expect to pay their monthly statement balance in full more often in 2019 than they did in 2018, according to a new survey from CompareCards.com. That’s just one of several positive economic signs in this month’s CompareCards.com Credit Card Confidence Index. Every month, we ask credit cardholders to rate how […]
Americans would rather knock down their debt than shed pounds in 2019, according to a new survey from CompareCards.com. CompareCards.com asked Americans whether either of these two popular New Year’s resolutions – losing weight or losing debt – was a top priority for them entering 2019. Given that both debt and obesity are significant problems […]
Nearly 4 in 10 American adults claim to be completely clueless as to how credit scores work, according to a new survey from CompareCards.com. CompareCards.com asked consumers to judge their own knowledge of credit scoring and found that even though many claim ignorance as to the inner workings of credit scoring, a significant portion might […]
About half of married Americans with debt said they would have been happy giving or getting a less expensive engagement ring in order to help pay down their current debts, according to a new survey from CompareCards.com. The holiday season is one of busiest times of the year for marriage proposals. With that in mind, […]
Americans’ confidence in their ability to pay their monthly credit card statement balances in full dipped slightly in December, according to the latest Credit Card Confidence Index from CompareCards.com. Each month, CompareCards asks American credit cardholders to rate their confidence in the ability to pay their credit cards’ monthly statement balance in full this month […]
The Federal Reserve is about to raise interest rates for the fourth time in 2018 — and the ninth 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 […]
Debt-strapped Americans are flocking to 0% intro balance transfer card offers, which are still plentiful even in the face of regular Federal Reserve rate increases, according to a new report from CompareCards.com. Unfortunately, millions of consumers aren’t playing those cards right – and are unnecessarily costing themselves real money. For its 2018 Balance Transfer Credit […]
