Credit Card Use news and trends

Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances
Consumer Finance // December 19, 2023

The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management tool. As of November 2023, 62% of consumers lived paycheck to paycheck, with 20% struggling...

FTC Launches Claims Process for False Credit Karma ‘Preapprovals’
Consumer Finance // December 05, 2023

The Federal Trade Commission (FTC) says it wants to help consumers hurt by misleading “preapproval” Credit Karma offers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

PayPal CEO Says Credit Cards On The Path To Extinction
Payment Methods // May 07, 2018

PayPal’s CEO believes that in 20 years, credit cards will no longer exist. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Interviews & Exclusives
Mixed Economic Signals: Strong Jobs Report, but Declining Confidence

October 07, 2024
Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1% pace, down sharply from 6.3% in the previous month. Mix […]

Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances

December 19, 2023
The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management...

Quick Reads
FTC Launches Claims Process for False Credit Karma ‘Preapprovals’

December 05, 2023
The Federal Trade Commission (FTC) says it wants to help consumers hurt by misleading “preapproval” Credit Karma offers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you […]

PayPal CEO Says Credit Cards On The Path To Extinction

May 07, 2018
PayPal’s CEO believes that in 20 years, credit cards will no longer exist. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...