RT Pirat_Nation 🔴 (@Pirat_Nation)There is now a petition to stop credit card companies and activists from controlling what we play, watch, and read. https://t.co/6RRu4xHqr6 ...

A closed loop card is type of credit card that's only good at a certain retailer or other company. Here are the pros and cons. https://t.co/fg0Q3dU7IG ...

Cyber crooks are increasingly using stolen credit and loyalty cards to sell vacations at discount prices, with “really good customer service” https://t.co/JZq6c4UyIY ...

Australia’s central bank wants merchants to remove surcharging on credit and debit card payments, in a move that could save consumers about A$1.2 billion a year https://t.co/CkODTILF4g ...

Generally speaking I would *never* recommend a credit card loan to buy crypto…But if you do, pls pls pls do not immediately then shove your debt-raised bitcoin into very 3-5 new DeFi or restaking protocols 😂What happens if a single one of those experiences an exploit? You’re toast.I can get on board with yield on spot-owned assets in many instances, but I cannot fathom using debt to acquire coin and then immediately putting it at risk 😭ashen | kamai (@solashenone):You guys remember the 0% APR credit card lo ...

US consumer borrowing increased in May at the slowest pace in three months on a pullback in credit card and other revolving debt outstanding. https://t.co/3nMsjjEoUB ...

This couple own a home and are saving for retirement—but they want to wean themselves off credit cards. A financial adviser offers some surprising advice. https://t.co/Jqm63MX5Xh ...

This N.J. couple own a home and are saving for retirement—but they want to wean themselves off credit cards. A financial adviser offers some surprising advice. https://t.co/uZ96uhmD2A ...

Well, Federal Reserve officials are split on whether an interest rate cut in July is on the table depending on whether the FOMC holds rates steady or reduces the benchmark rate. What does that outcome mean for your everyday finances. Here to explain and discuss further, we've got Rob Conzo, who is the Wealth Alliance CEO.Rob, good to have you here with us. How does the Fed's benchmark rate affect people's personal finances. Great to be with you, Brad.Um, it's a very misunderstood rate. It's the red the rate ...

Core Insights - The rising trend of bankruptcy filings among consumers with retail credit card debt is linked to record-high interest rates, which have reached an average of 30.45% as of September [2][3] - The proportion of bankruptcy filings that include retail credit card debt has increased at a faster rate than overall new filings, with a 12% rise in such cases compared to a 5.8% increase in total consumer bankruptcy filings between 2023 and 2024 [3] Industry Context - Retail credit cards typically have higher interest rates than traditional credit cards due to the lower credit scores of their holders, making them riskier for banks [1] - The increase in interest rates was influenced by banks anticipating regulatory changes regarding credit card late fees, which ultimately did not take effect, leading to sustained high rates [2] - The Consumer Bankers Association emphasized the role of retail credit cards in helping consumers manage expenses and build credit, while also highlighting the availability of various financial tools for consumers [4]