No major American city saw its credit card balances grow faster than Austin, Texas, in the past year, according to a new study from CompareCards.com. The Texas capital saw its average credit card balance jump 12% from September 2017 to September 2018. That made Austin one of just three of the nation’s biggest cities to […]
American consumers are becoming more confident about their ability to pay their credit card statement balances in full, according to a new report from CompareCards.com. That’s despite the continued rise in credit card APRs, which shows no signs of slowing down. These findings came from the November edition of the monthly Credit Card Confidence Index […]
Forget hectic travel, unpredictable weather or awkward conversations with the in-laws. According to a new report from CompareCards.com, nothing stresses Americans out during the holiday season like shopping. Nearly two-thirds of Americans agreed with the following statement: Shopping is the most stressful part of the holiday season. That doesn’t mean that Americans hate to shop, […]
Credit card debt has topped the $1 trillion mark in America and that growth doesn’t look like it is going to stop anytime soon. In fact, the latest consumer debt data from the Federal Reserve shows that consumer credit card debt shot up 10.7% in October of 2018 — the biggest month-to-month increase of the […]
The number of Americans who haven’t paid their credit card statement balances in full in six months grew last month, according to a new report from CompareCards.com. That’s despite most Americans saying they feel confident in their ability to pay their bills. The Credit Card Confidence Index from CompareCards.com tracks how confident Americans feel in […]
About half of Americans with children under the age of 18 have let one of their kids borrow their credit or debit card to buy something online, according to a new report from CompareCards.com. Unfortunately, however, if you have loaned your child one of your cards, there’s about a 50-50 chance that you’ve regretted doing […]
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 […]
