Cash-Back Rewards Cause Americans to Get Deeper into Credit Card Debt
1% in cash-back rewards result in $25 in monthly rewards, however it also increases spending and debt by $68 and $115 a month, respectively....
Tag: credit card statistics
Consumer Credit Card Use Falls for 26th Consecutive Month
Americans cut back on their credit card spending in October by $5.6 billion from September, a decrease of 8.4 percent at an annualized rate....
Faced with Lower Debit Card Revenues, Big Banks to Start Issuing Prepaid Cards
The big U.S. banks are about to enter the prepaid card market, which is expected to reach $118.5B in revenue in 2012, up from $1.8B in 2006....
Mobile P2P Payments to Total $7B in 2010
Mobile person-to-person (P2P) transfers in the U.S. will total $7 billion this year and consumers aged 18 - 34 will be the most active users....
Consumer Credit Card Use Falls for 25th Consecutive Month
Americans reduced their credit card balances for the 25th month in a row in September, for a total decrease of $159.7 billion since August 2008....