Credit Cards

The Federal Reserve reports that outstanding consumer credit rose by $22 billion dollars in November, after an even bigger rise in October. That puts U.S. consumers on track to increase their total debt on credit cards, student-loans and car-loans by 6-3/4 percent this year. How might that record-high consumer debt impact the U.S. economy?  Click the […]

U.S. household debt hit a record $13.2 trillion in the first quarter of 2018, but Americans seem to be handling it okay. Consumer debt levels are stabilizing, according to The New York Fed’s quarterly household debt report. But rising interest rates seem to be squeezing household finances in at least one area: credit card debt. […]

Struggling to keep the customers coming to stores, Macy’s is expanding special deals by offering rewards and discounts to all shoppers, not just its credit card holders. Click the audio player above to hear the full story. 

Compared to other credit cards, a new report out this morning from creditcards.com suggests gas station credit cards often carry higher interest rates and fewer rewards. Click the audio player above to hear the full story. 

Andrew Ross Sorkin had an interesting column in the New York Times yesterday — a business and economic take on how to make mass shootings less common. PayPal and Square, Sorkin pointed out, decided years ago not to let people use their services to buy guns. What about Mastercard and Visa, he wondered. Or the […]