How Would You Respond if You Were Forced to Pay a Debit Card Fee?
Much to the chagrin of many consumers, their payment preferences are shifting precisely in the direction that is most favorable to the card issuers....
Tag: credit card statistics
Late Payments on Credit Cards Hit an All-Time Low in the U.S.
The U.S. credit card delinquency rate reached a new all-time low of 2.91% in December; the aggregate charge-off rate fell by 0.34% to 5.04%....
Americans Get 4B New Credit Card Offers in 2011, but Are We Interested?
The number of new credit card offers mailed out to American consumers in 2011 was the highest one since 2007, the Boston Globe tells us, citing data released by Synovate, a market research firm. Card issuers sent out a grand total...
U.S. Credit Card Use up at Fastest Rate since Lehman Fall
The aggregate volume of U.S. consumer credit card debt surged by 8.5%, or $5.6 billion, in November, its third consecutive monthly increase....
Why Are Credit Card Interest Rates at Record Highs?
Sub-prime credit card issuance is increasing at a much faster rate than non-sub-prime issuance, pushing up the average national APR in the process....