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Credit Cards

How has your credit score affected you?

by Daniel Shin
Feb 21, 2022
"Marketplace Tech" is exploring the credit score system and its algorithm. And we want to hear from you!
Your credit score can determine whether you receive a credit card or a loan.
NicoElNino/Getty Images
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Mastercard gets in on the "buy now, pay later" trend

by Caroline Champlin
Sep 29, 2021
But don't credit cards already work this way? Not quite.
Major credit card companies could be getting into the buy now, pay later space.
DAMIEN MEYER/AFP/Getty Images
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Mastercard is saying goodbye to the magnetic stripe

by Kristin Schwab
Aug 18, 2021
Credit-card changes are driven by security concerns, and it turns out that signature swipe has its own swath of problems.
Mastercard plans to swap the swipe payment process for the chip and touchless tap.
Bryan R. Smith/AFP via Getty Images
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Consumers are gravitating back to plastic for spending splurges

by Matt Levin
Jul 8, 2021
The Federal Reserve said total consumer credit rose by 10% in May. And lenders issued roughly 6 million new credit cards in March, according to Equifax.
As the economy reopens, American consumers are falling back in love with plastic.
Oliver Douliery/AFP via Getty Images
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As consumers get out more, they may also reach for credit cards

by Caroline Champlin
Jul 8, 2021
Outstanding credit card balances have been down, but people may start racking up the debt again.
People are going out more and making bigger purchases, and with credit card interest rates still high, balances might shoot back up.
Scott Olson/Getty Images
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As consumers pay off credit card debt, banks are likely to offer credit incentives

by Justin Ho
Jun 1, 2021
Banks are already stepping up marketing campaigns to try to get more consumers to use their services.
Since people have been good about paying off their balances, consumers’ credit scores have improved, says Andrew Davidson, who follows credit cards at Comperemedia.
AsiaVision via Getty Images
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FDIC says credit card balances dropped in Q1

by Justin Ho
May 27, 2021
Sure, we're putting some purchases on credit cards, but we're still not getting out the plastic for big travel expenses.
Spencer Platt/Getty Images
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Bank accounts could soon help determine creditworthiness

by Kristin Schwab
May 13, 2021
Some big banks will give credit cards to people who lack credit scores, looking instead at savings and checking account history.
Fizkes via Getty Images
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Why credit card limits could rise this year

by Justin Ho
Feb 26, 2021
Lenders aren't quite as nervous about consumer finances anymore, and they're anticipating a boom in consumer spending.
Credit card companies hope that increased credit limits will create more outstanding balances, meaning more revenue for them.
Joe Raedle/Getty Images
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COVID-19

Early in the pandemic, fewer Americans paid their credit card bills late

by Justin Ho
Jan 26, 2021
Government relief checks helped.
Last year's federal relief payments contributed to American households' ability to pay down their credit card obligations in the second quarter.
Violeta Stoimenova via Getty Images
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