Surging Credit Card Delinquency Rates are Affecting Credit Limits
Approximately 9% of credit card balances fell into delinquency over the last year according to Federal Reserve data. In response, credit card issuers are decreasing consumer credit limits to minimize risks.
CardRatings.com Analyzes Whether a Recent Drop in Credit Card Debt is Actually Good News
Given the number of Americans struggling with credit card debt, seeing balances owed go down might seem like a cause for celebration; however, other debt trends from the first quarter of 2024 suggest that people are simply trading one form of debt for another.
CardRatings Unveils Its ‘Best Credit Cards of 2024’ List and Annual Cardholder Survey Results
CardRatings.com has released its choices for the “Best Credit Cards of 2024,” as well as updated cardholder survey scores for top cards.
CardRatings.com Advises on How to Play It Smart When Back-to-School Shopping
Back-to-school season is here, and parents everywhere are helping their children get ready for another year in the classroom. Amid all the excitement, it’s easy for consumers to get carried away with school spirit—and even easier to rack up credit card debt. From clothes to supplies to electronic devices, expenses—along with possible interest and fees—can pile up quickly.
