Credit Limits news and trends

Nearly One-Third of Consumers Say Higher Credit Limits Will Boost BNPL’s Appeal
Buy Now Pay Later // October 13, 2023

Consumers are increasingly seeking flexible and convenient payment options, leading to the rising popularity of deferred payment plans such as credit card installment plans and buy now, pay later (BNPL) options. However, to fully unlock its potential, BNPL providers need to address certain demands and...

Tough Times in Consumer Credit Could Push Some Americans to Nontraditional Lenders
Economy // June 08, 2020

April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline since 1943. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

US Household Debt Hits All-Time High
Debt // May 05, 2020

Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6 trillion, according to a CNBC report that cited the New York Federal Reserve. Get the Full Story Complete the form...

Card Companies Cut Credit Lines As Customers Skip Payments
Coronavirus // April 23, 2020

Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Interviews & Exclusives
Nearly One-Third of Consumers Say Higher Credit Limits Will Boost BNPL’s Appeal

October 13, 2023
Consumers are increasingly seeking flexible and convenient payment options, leading to the rising popularity of deferred payment plans such as credit card installment plans and buy now, pay later (BNPL) options. However, to fully unlock its potential, BNPL providers need to address certain demands and expectations of consumers.  Get the Full Story Complete the form […]

Quick Reads
US Household Debt Hits All-Time High

May 05, 2020
Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6 trillion, according to a CNBC report that cited the New York Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to […]

Card Companies Cut Credit Lines As Customers Skip Payments

April 23, 2020
Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Get the Full Story Complete the form to...

Goldman CEO Denies Claims Of Apple Card Credit Biases

November 21, 2019
David Solomon, the CEO of Goldman Sachs, is denying claims that gender bias is apparent in the algorithm it uses to determine credit limits for applicants, according to a report...

Goldman Denies Discriminatory Apple Card Practices, Says It Will Reassess Limits

November 12, 2019
Goldman Sachs has promised to reevaluate how credit limits are determined for Apple Card users after being accused of gender discrimination. Get the Full Story Complete the form to unlock...