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%.
Amazon initially made the shock announcement in November, citing "high fees Visa charges for processing credit card transactions." Visa at the time said it was "very disappointed" in...
Upgrading your credit card can be an easy way to earn rewards points and cash back without applying for a new card. If your current card...
low credit score, or any score below 579, can put a wrinkle in nearly any financial plan, including if you want to get a credit card....
There is speculation, however, that a last-minute agreement could be reached between the two sides. On Friday, Amazon and Visa declined to provide an update on...
the most common form of credit for average consumers, yet experience has shown me that most people don’t understand how they work. It is understandable because...
