A historically large share of retirees have credit card debt, ... cut up that card! ... 30% of over-75 households reported credit card debt in 2022, up from 10% in 1989.

After Wednesday’s Fed rate cut and two before that, the central bank’s policy rate now sits at a range of 4.25% to 4.50% — which is a full 1 percentage point, or 100 basis points, lower from ...

Cut It Up, Even If It’s Expired. Despite the many protections credit card issuers offer these days, yes, you should still cut up your old cards. I verified this with Robert Siciliano, ...

Your length of credit history makes up 15% of your credit score, and it includes the age of your oldest card, your newest card and the average age of all your cards. A longer credit history can ...

Consumers now are carrying $1.17 trillion in outstanding credit card balances, up 8.1% from a year ago, according to research released in November by the Federal Reserve Bank of New York.

What took place this week in the credit card and payment industries. ... Synchrony Bank has already raised interest rates on their cards due to a cut in late fees.

So if you have $20,000 in available credit across three cards, then cancel a card with a $10,000 limit while maintaining a debt of $5,000 on the other two, your credit utilization ratio will go ...