Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
How to use credit cards without going into debt and take advantage of their benefits
Credit cards can be powerful financial tools if used wisely. Learn how to leverage their benefits, avoid common pitfalls, and build a strong credit history without accumulating debt.
Best credit card deals of the week, 12 February
Chris Lilly, a credit card expert at personal finance comparison site finder.com, said: “The new, longer balance transfer deals that we saw emerge at the start of the year have continued into February – with Barclaycard ( BARC.L) and NatWest ( NWG.L) both offering 31-month deals.
Credit card debt hits a new record high: 3 ways to tackle yours now
Credit card debt has skyrocketed in recent months, and if you're carrying a balance, it's time to fix the issue.
Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
This Week In Credit Card News: Credit Card Debt Still At Record Levels
The latest quarterly figures show that credit card debt hit another record level . getty. Americans Struggle With Record Credit Card Debt U.S. credit card debt reached a record $1
Credit-card debt hit record $1.21 trillion after unusual holiday unptick in 2024
Credit-card debt in the U.S. hit another record after an unusually-high increase following the holidays. Debt from credit cards reached $1.21 trillion i
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The Impact of Credit Cards on Your Financial Life: How to Use Them to Your Advantage
Credit cards can be a double-edged sword in personal finance. While they offer convenience and rewards, they can also lead to ...
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17 best credit card sign-up bonuses of February 2025
Credit card welcome bonus offers are an easy way ... you should consider your budget before signing up for a card and only take advantage if you can pay off your balance on time and in full.
Travel influencers say you should use a different credit card for every type of purchase. They're wrong.
Adopting a one-card strategy with this premium credit card allows this family of six to travel in style with airport lounge ...
A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will ...
How To Make Money in 2025 Through Strategic Use of Credit and Debt
According to data from TransUnion, Americans' average credit card balance was at $6,380, an annual increase of 4.8% in the ...
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Bank Of America Business Advantage Unlimited Cash Rewards Secured Credit Card Review 2025
The Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card* has no annual fee but does require a deposit for business customers looking to build business credit.
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Best Business Credit Cards of February 2025
People who value cash back frequently tout the benefits of combining a cash-back credit card like the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card with ...