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Klarna valued at $15B as buy now, pay later company makes IPO debut
Buy now, pay later company Klarna is making its long-awaited initial public offering on Wednesday after raising $1.37 billion. The Swedish firm priced its IPO at a higher-than-expected $40, above…
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Young Americans drowning in credit card debt as delinquency rates climb near 10% in Q2
Young Americans continued to make up the largest share of those transitioning into credit card delinquency in the second quarter,…
Credit card rewards are about to vanish, and guess who’s to blame?
With summer vacations just around the corner, millions of Americans are getting ready to cash in their hard-earned credit card rewards: points, miles and…
United increases airport lounge fees to counter overcrowding
United Airlines announced Monday that it's increasing the fees on its rewards cards that allow access to its airport lounges…
Older American amassing credit card debt to cover expenses, AARP finds
Nearly half of Americans aged 50 and older with credit card debt are using credit cards to cover basic living expenses,…
Americans’ credit card and household debt reach all-time high
Americans' household debt levels, including credit card debt, rose to new all-time highs in the fourth quarter of 2024, according…
What would be the impact of a credit card interest rate cap?
New legislation in Congress that was introduced by an unlikely duo of senators seeks to impose a credit card interest…
Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%
A new bipartisan bill introduced by a pair of senators would cap credit card interest rates in an effort to…
Capital One customers not getting payments amid outage
Capital One said it's experiencing a technical outage that's keeping customers from getting payments. The issue is tied to a…
How credit card swipe fees are affecting shoppers
Credit card swipe fees, which are among the highest operating costs for retailers, are taking a bite out of household…
US credit card defaults soar to highest level in 14 years
Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam…
Consumer watchdog warns companies against devaluing credit card rewards, launches tool to avoid scams
A federal consumer watchdog is warning that certain credit card companies may be illegally devaluing accrued rewards such as points…
Credit card usage is up as inflation continues to rise
Inflation has steadily been rising in recent years. The Consumer Price Index — a major measure of inflation — rose…