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Articles for Bankrate

Why more Americans are turning to Buy Now, Pay Later payment plans, in 4 charts
1 week, 3 days ago

Why more Americans are turning to Buy Now, Pay Later payment plans, in 4 charts

CNN  

CNN — Buy now, Pay Later services had their best day yet on Cyber Monday, with consumers spending a record-breaking $991.2 million, according to Adobe Analytics. BNPL payment plans especially influence shoppers who usually spend less and are more reliant on credit cards, said Dionysius Ang, a consumer researcher and associate professor at the University of Leeds in England. “The …

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【双语财讯】民调：美国信用卡用户半数背负卡债 通胀和高利率加剧还债压力
3 months, 3 weeks ago

【双语财讯】民调：美国信用卡用户半数背负卡债 通胀和高利率加剧还债压力

China Daily  

银率网（Bankrate）最新调查显示，目前美国50%的信用卡用户背负卡债。通胀和高利率等因素导致美国家庭难以维持收支平衡，更加依赖信用卡，全美的信用卡债务激增。 Economic factors like inflation and interest rates are making it hard for some Americans to make ends meet, survey data shows. 50%的信用卡持有人每月都有卡债，比今年1月的44%有所上升，是2020年3月以后银率网观察到的最高纪录。 “High inflation and high interest rates have eroded Americans’ savings and more people are carrying more debt for longer periods of time,” says Ted Rossman, Bankrate senior credit card analyst. 调查数据显示，美国人觉得美国的经济现状无助于缓解他们的债务状况。 About a third of credit card …

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Overdraft fees could drop to as low as $3 under Biden proposal
11 months, 1 week ago

Overdraft fees could drop to as low as $3 under Biden proposal

LA Times  

According to research conducted by Bankrate last August, the average overdraft fee was $26.61. The proposed change by the Consumer Financial Protection Bureau could potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks, which were gearing up for a battle even before Wednesday’s announcement. The nation’s biggest banks still take in roughly $8 billion in overdraft …

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How the Fed's latest rate hike will hit your wallet
1 year, 7 months ago

How the Fed's latest rate hike will hit your wallet

Daily Mail  

The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect many Americans through higher borrowing rates. Rates on credit cards and auto loans, which have been surging since the Fed began raising rates last year, will rise even more, with WalletHub projecting the latest rate hike will …

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Credit card debt is at record high as Fed raises rates again
1 year, 9 months ago

Credit card debt is at record high as Fed raises rates again

Associated Press  

NEW YORK — As the Federal Reserve raises interest rates again, credit card debt is already at a record high, and more people are carrying debt month to month. The Fed’s interest rate increases are meant to fight inflation, but they’ve also led to higher annual percentage rates for people with credit card debt, which means they pay more in …

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Totally Worth It, Week 5: Paying off debt
2 years, 10 months ago

Totally Worth It, Week 5: Paying off debt

LA Times  

The whole reason I got into budgeting was to make a dent in my debt. It used to be legal for credit card companies to make your monthly minimum payment so low that you would never get out of debt by paying only that amount each month. For debt consolidation loans, you want to make sure the interest rate is …

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