But that’s what happened during the pandemic year. Helped by government stimulus and limited to spending on necessary goods rather than discretionary items, consumers bucked economic downturn history when it comes to credit card debt.
The savings rate spiked to a level not seen since World War II, and that caused consumers to take the cash they had and pay down debt — and often the first kind of debt they paid down was cards, which have among the highest interest rates, averaging 16%.
With one simple but potent travel promotion, the Citi Premier® Card has become the best travel credit card for domestic travelers. Its utility for U.S. travel is particularly desirable when consideringpremier the unremitting...
The old saying “cash is king” has certainly proven itself to be more apt than ever during the pandemic. While many people still like to use...
The old saying “cash is king” has certainly proven itself to be more apt than ever during the pandemic. While many people still like to use...
Prestige is just the beginning. These high-end, exclusive cards often come with specialized concierge services that cater to your every whim. Individual account managers bend over...
“Buy now, pay later” options are becoming increasingly popular, but analysts warn of default risks given the lack of credit checks and “opaque” debt reporting. Not...
