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But there’s another possible sign that people are struggling with credit card debt: The share of U.S. credit card holders who are only making the minimum payments has reached a record high.
While the cash-back benefit might be the centerpiece of a new credit card in your wallet, there are some other, less well-known perks you likely don’t know about or haven’t started using.
Credit card companies sell users on rewards, ... Survey reveals millions of credit card holders overspend, carry debt to earn rewards. By WHIO Staff. April 16, 2025 at 6:51 pm EDT.
He said the average credit card balance at the household level is about $6,600, citing TransUnion data. If you make minimum payments at a 20% rate, you’ll be in debt for more than 18 years and ...
U.S. credit card delinquency rates hit a 12-year high recently, according to the Federal Reserve Bank of New York. Do you have a news tip for Investopedia reporters? Please email us at ...
Credit card debt is weighing on many Americans. The share of credit card holders making just the minimum monthly payment is at a 12-year high, the Federal Reserve Bank of Philadelphia reported ...
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