More people are carrying credit card debt, and it costs more than ever
A trio of concerns are affecting credit card borrowers: More people are carrying debt, rates are at record highs and balances are way up, too.
3 min read
Jan 20, 2023
Credit Card Debt
Whether you’re looking for the right credit card payoff strategy, or researching debt relief, our resources can help.
Bankrate's Latest Credit Card Debt Articles
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Recession-proof your finances, pay off credit card debt now
Paying off your credit card debt now can make you more financially resilient later.
5 min read Jan 05, 2023 -
Student credit card debt statistics
Building credit in college is a great idea — if you can avoid unnecessary debt.
5 min read Dec 21, 2022 -
How would credit card issuers react to a recession?
A recession appears increasingly likely; here’s what it could mean for the credit card industry.
5 min read Nov 04, 2022 -
Residual interest: What you need to know
If you’re carrying a balance on your credit card, residual interest can easily sneak up on you when trying to pay it off.
4 min read Mar 21, 2022 -
56% of Gen-Z and Millennials ready to take on debt to celebrate end of pandemic
As travel restrictions lessen and more entertainment venues open back up again, Gen Z and Millennials are itching to celebrate the ‘end’ of the pandemic. However, a recent survey suggests that many [...]
4 min read Jul 28, 2021 -
Credit card debt is down 17 percent—let’s keep the habit going
Credit card debt has seen a significant decrease during the pandemic, but there are questions about how to continue and maintain this. Read our take on how to do so.
4 min read Jun 04, 2021 -
Surge in Hispanic applicants seeking financial disaster assistance; Help is on the way
A massive increase in the number of Hispanic applicants seeking financial disaster assistance has prompted JPMorgan Chase and Money Management International (MMI) to team up to address the situation. The [...]
3 min read May 14, 2021 -
Credit card delinquencies take a nosedive during pandemic, according to report
Despite record unemployment and massive pay cuts in many industries, there has been a notable drop in credit card delinquency rates since January 2020.
2 min read Aug 25, 2020 -
3 surprises about credit cards and COVID-19
It has been about five months since the COVID-19 pandemic ramped up in the U.S. So far, there have been three credit card developments that have really surprised me. Keeping up with the bills Back in March, [...]
3 min read Aug 03, 2020 -
Millions of Americans have been carrying credit card debt for years
A new CreditCards.com survey finds credit debt is a long-term issue for many.
4 min read Feb 21, 2019 -
Does debt consolidation hurt credit?
You’ll need a financial plan in place, otherwise debt consolidation may be bad for your credit score in the long run. Here’s what you need to know.
6 min read Feb 11, 2016 -
Should you pay off car loan or credit card?
It’s usually better to put extra money towards your credit cards instead of your car loan, as cards usually charge more interest and have more volatile rates.
4 min read Sep 08, 2008
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